The dollar is trading in tight ranges against the pound and the euro this morning ahead of a speech from Federal Reserve Chair, Jerome Powell, later today.
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The euro is steady against the dollar this morning ahead of a speech from President of the European Central Bank, Christine Lagarde, later today and throughout the week.
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After weakening at the end of last week following the Bank of England’s monetary policy meeting, the pound has made some recovery at the start of this week.
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The pound has made a small recovery against the euro after weakening last Thursday. This was due to a ‘dovish’ tone from the Bank of England’s latest monetary policy meeting, which sparked uncertainty over the Bank’s upcoming plans…
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The pound starts the week close to where it began last Monday against the euro, but after a few days during which it fell by over 1% in the space of a few hours on Thursday. The reason…
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The dollar remains weaker against the pound but has regained some strength against the euro in the aftermath of the Federal Reserve’s decision to raise interest rates. Today, several Fed officials will speak.
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After strengthening yesterday, the euro has lost some of its strength against the pound and the dollar. Speaking yesterday, President of the European Central Bank Christine Lagarde said that the Bank needs to be flexible with monetary policy.
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The pound has fallen significantly against the euro but is stronger against the dollar following the Bank of England’s decision to increase interest rates. Markets continue to eye the Russia-Ukraine situation.
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