Sterling finished last week recovering back to the levels of mid-January, well above the past five years’ average and 1.5% stronger than the start of February. The prompt was the Ukraine emergency, but very strong retail sales data…
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The dollar is weaker against the euro and the pound due to talks of a meeting between President Biden and President Putin. As a ‘safe-haven’ currency, the greenback typically strengthens in times of crisis.
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The euro weakened against the pound and the dollar at the end of last week, however it is recovering this morning. It continues to be driven by news of the Ukraine crisis.
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The pound strengthened against the euro at the end of last week, as news from the Russia-Ukraine border weighed on the single currency. However, it is slightly weaker this morning.
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The currency markets continue to be driven by the crisis in Ukraine. News of a potential summit between President Biden and President Putin has caused the euro to strengthen against the pound this morning, however, Biden has only…
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The dollar is still benefitting from its safe-haven status, trading higher against the euro, as uncertainty remains in Eastern Europe. Despite a flurry of data releases in the US yesterday, there was little reaction from the markets.
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The euro has weakened against the pound but is trading around similar levels against the dollar this morning as markets keep an eye on Russia-Ukraine headlines. After reports of shelling in the Ukrainian territory of Donbas yesterday, markets…
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The pound has strengthened against the euro and the dollar this morning following positive retail sales data. However, tensions in Eastern Europe continue to be the main driver of currency movements.
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