The dollar slipped back fractionally against the pound and euro yesterday as a ‘risk on’ sentiment moved money away from the safer haven currencies
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Europe’s waning trade balance (a deficit of €16.4bn) was one of the factors working against the euro yesterday. However, there has been a modest recovery against USD this morning.
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Sterling is very much on the up this morning, following on from a positive day yesterday but boosted by excellent data on jobs and earnings, overall.
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After an early morning drop yesterday, sterling powered upwards against the euro, US dollar and yen yesterday to end the day well above where it started the week. Today it has stretched its lead as jobs data showed…
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There will be a series of speeches from Federal Reserve officials this week, including Fed Chair, Jerome Powell.
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Final inflation figures for April will be released on Wednesday, expected to come in at 7.5%, a small uplift from March’s reading of 7.4%.
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Unemployment figures will be released for the UK tomorrow, followed by inflation data on Wednesday.
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After strengthening towards the end of last week, the pound is still strong against the euro this morning ahead of a busy week for economic data releases. The most notable release of the week is UK inflation data,…
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