Last week was one in which the pound started at over €1.20, crashed by over 2% to below €1.175 over the course of three days and then settled at halfway between the two. There was even a brief…
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The pound has regained some strength against both the euro and the dollar following better-than-expected GDP data and poor eurozone data. The economic growth was largely driven by healthcare and social work activities.
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The euro weakened over the course of Thursday, mainly due to dollar strength and poor economic data for the eurozone. President Vladimir Putin has demanded that “unfriendly” European states pay for gas in roubles from today.
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The pound is stronger against the euro this morning following poor eurozone data that sent the single currency lower. Against the dollar, sterling remains steady as markets await the all-important US jobs data later today. From today, millions…
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The dollar has strengthened against the euro and is holding steady against the pound following US inflation data. US officials have argued that “Putin is being misinformed by his advisers about how badly the Russian military is performing”…
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ADP employment data was released yesterday, measuring how the US’ private sector has performed in March. Private businesses hired 455,000 workers, slightly higher than market forecasts of 450,000.
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The euro has strengthened against the pound and the dollar due to a number of reasons, including market optimism and inflation data.
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This morning, final GDP figures for the fourth quarter of 2021 came in, showing that the British economy expanded 1.3% on quarter in the last three months of 2021.
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