The pound has reached a 5-year high against the euro this morning. Euro weakness, brought about by the ongoing Ukraine conflict, as well as recovering bond yields caused sterling to strengthen. However, in an extremely volatile geopolitical landscape,…
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The dollar remains strong against a basket of currencies this morning, as its status as a ‘safe-haven’ currency continues to appeal to investors.
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Later today, flash inflation rate figures will be released for the eurozone. Inflation is expected to jump to 5.4% from the previous reading of 5.1%.
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Data released this morning showed that UK house prices have jumped by 12.6% year-on-year in February and 1.7% month-on-month.
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The Ukraine conflict continues to have an impact on the euro, which is still struggling against the dollar and the pound. Eurozone inflation figures will be released later today, and any surprise readings could spell further volatility for…
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The pound has continued to be “range-bound”, as they say, against the euro, as it has been for almost a month. Against the US dollar, sterling has continued to fall and is today close to its lowest point…
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Mixed fortunes for the US dollar, which fell marginally yesterday against many of its rivals – but not EUR or GBP.
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Given what is happening in Europe, no surprise that the single currency remains weaker across the board – except against the pound and Swedish krone.
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