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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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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