The euro is weaker against the pound after strengthening sharply yesterday. This came after investors considered Russia’s move to send troops into eastern Ukraine yesterday. However, the uplift was short-lived.
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The pound remains well supported against the euro this morning after a brief dip yesterday. It has also gained some ground against the dollar since yesterday.
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The conflict in Ukraine continues to be a main driver for the currency markets. The euro had a brief rebound yesterday against the pound before weakening again, as the markets digest news that Russia has ordered troops into…
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Yesterday was a day of volatility for the pound against the euro. Sterling dropped 0.7% in the morning but then recovered most of those losses and remained stable last night and this morning. The currency markets don’t know…
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The dollar made use of its safe-haven status yesterday as fighting broke out in the Ukraine, with 0.3 to 0.7% rises against most rivals – apart from the yen where it lost out.
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The single currency fell almost across the board yesterday as conflict in the Ukraine began, as predicted. Safe haven currencies the US dollar and Japanese yen took most of the spoils, but it also weakened by around 0.3%…
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The pound scaled €1.20 again yesterday, extending its recovery from last week. Problems in the Ukraine did not help the pound against other currencies, however, and sterling fell by around 0.3% against the US dollar.
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Sterling hit the heights against the euro yesterday, close to its strongest rate since the Brexit vote nearly six years ago. The launchpad was escalating problems in the Ukraine which have stifled the euro, but providing the rocket…
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