The pound hit its highest level against the euro since June 2016 early this morning. Against the US dollar, on the other hand, it has reached its lowest since November 2020. Will the pound stay where it is,…
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The euro is still struggling against both the pound and the dollar as the conflict in Ukraine continues to push markets towards safe-haven currencies. ECB officials have expressed their support for tightening monetary policy.
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The pound continues to strengthen against the euro and is currently trading around a post-Brexit high. Markets are constantly reacting to the Ukraine conflict, which escalated last night.
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The pound has strengthened further against the euro, hitting its highest level since the Brexit referendum earlier this morning, but is weaker against the dollar. This follows further escalation in Ukraine after reports that Russia has now seized…
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The dollar has held onto its strength following Fed Chair Jerome Powell’s second testimony yesterday. He expressed that in hindsight, the Bank should have moved earlier to recognise inflation as longer-lasting.
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The dollar is stronger this morning following Federal Reserve Chair, Jerome Powell’s testimony in front of Congress yesterday.
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Eurozone inflation figures were released yesterday, showing that inflation surged to 5.8% in February. This exceeded expectations of 5.4% and was a jump from January’s reading of 5.1%.
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The pound has hit a 5-year high against the euro this morning, its highest level since July 2016.
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