The dollar continues to benefit from the ‘risk off’ sentiment, strengthening to its strongest against the pound for 16 months and against the euro for 22 months. The rise against the euro has stalled for now.
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A torrid few days for the single currency has been followed by a brief recovery against the pound and – at least – no further losses against USD
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The pound remains at close to its highest since June 2016 against the euro although it fell steeply from its highest point yesterday.
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The pound has dropped by well over 1% against the euro from its near-six-year high yesterday, while continuing to fall against the dollar. GBP/USD is now at its lowest point since November 2020, although still well above its…
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The dollar is still strong against a basket of currencies, benefitting from its status as a ‘safe-haven’ currency in times of crisis.
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The euro is suffering against the pound, dollar and other currencies as it continues to respond to the events of the Ukraine conflict.
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The pound reached a fresh post-referendum high this morning against the euro. European currencies, including the euro, continue to suffer due to the Ukraine crisis. Against the dollar, the pound is weaker.
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The pound reached its highest level against the euro since June 2016 this morning. However, it is weaker against the dollar ahead of what looks to be an eventful week. The currency markets continue to be driven by…
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