The pound is stronger this morning, recovering against the euro and the dollar towards the end of last week. This week, all eyes will be on Wednesday’s inflation data for the UK. Although the year-on-year figure is expected…
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The euro is weaker against the pound and the dollar this morning, mainly due to dollar strength. The European Commission has adjusted some of its forecasts as soaring energy prices weigh on the economy.
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The pound has strengthened against the euro and is volatile against the dollar following record US inflation figures and several UK data releases. GDP figures reveal that the UK economy grew by 7.5% in 2021.
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The pound has strengthened against the euro and is volatile against the dollar this morning following data releases from the UK and US. UK GDP data released earlier showed that the UK economy grew by 7.5% in 2021,…
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The dollar saw a boost yesterday following higher-than-expected inflation figures and hawkish Fed comments but is volatile against the pound this morning. Inflation came in at 7.5%, the highest in 40 years.
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The dollar is steady and largely unchanged this morning ahead of US inflation figures, which are due to be released this afternoon.
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The markets will be listening for any comments surrounding interest rates when two ECB officials speak this afternoon.
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Yesterday, Bank of England official, Huw Pill, said that recent labour market and wage data supports the cause for further interest rate hikes this year.
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