The euro weakened to 1-month lows against the dollar yesterday due to concerns about the rising military tensions in Ukraine.
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Despite a market dip, which caused the pound to suffer, it is now being supported by the outperformance of the FTSE 100 and expectations for a Bank of England rate hike next week.
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All eyes are on the Federal Reserve’s interest rate decision today, which will be revealed later this evening. Officials are expected to pave the way for an interest rate hike in March, however the markets will be listening…
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With so-called ‘Blue Monday’ safely behind us – though I suspect it’s less grim if you have a fixed plan to retire abroad this year – and an exciting year ahead beckoning us on, do we feel optimistic…
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The dollar strengthened sharply against the pound and euro yesterday, and has largely held onto those gains this morning.
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The single currency had a mixed day yesterday, strengthening sharply in early trading against both GBP and USD but those gains being pulled back since.
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So far this morning, yesterday's losses against EUR and USD have been slightly pared back, but the last fortnight’s fall has returned GBP/USD below its average for the past year.
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While Boris Johnson’s perilous premiership may be obsessing the British public and media, it’s European peace being on the line in the Ukraine that has sent stocks – and sterling – crashing at the start of this week.…
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