Sterling ended yesterday close to its lowest level against the US dollar since late summer 2020, while making no serious gains against the euro following Friday’s drop. Movements yesterday were not due to anything much happening in the…
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The dollar is stronger against a basket of currencies this morning, benefitting from its safe-haven status due to concerns about global economic growth and signs that the Federal Reserve will continue to tighten monetary policy.
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The euro is strong against the pound this morning following news that Emmanuel Macron defeated Marine Le Pen in the French Presidential elections.
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After weakening at the end of last week due to disappointing economic data, the pound is still lower this morning against the euro and the dollar.
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Following the release of disappointing UK retail sales figures and consumer confidence data last week, the pound is weaker against both the euro and the dollar this morning. UK retail sales came in lower-than-expected in March, whilst consumer…
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When the exit poll came through from France last night, showing that Europe has avoided a far-right government at its heart, the wind went out of sterling’s sails as the euro strengthened. Those gains have been pared back…
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The euro is still stronger against the pound this morning but is weaker against the dollar. ECB President Christine Lagarde will speak later and markets will be listening for any comments on interest rates following yesterday's 7.4% inflation…
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The pound has weakened further against the euro and the dollar following disappointing UK data. Retail sales were down in March and consumer confidence fell to levels lower than those seen during the 2008 financial crisis.
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