The dollar has weakened this morning following the release of US inflation data yesterday. Despite inflation coming in as expected, it did not exceed expectations as the markets had hoped.
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The euro is stronger against the dollar this morning, reaching its highest level since November.
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The pound is still strong against the euro and dollar this morning, so far proving resilient against the political unrest in the UK.
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The pound has maintained its strength against both the euro and the dollar this morning, despite political unrest in Downing Street. Reports this morning reveal that senior Conservative MPs are calling for Boris Johnson to resign. This follows…
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The pound managed to retain its position very close to a 23-month high against the euro and two-month high against the US dollar. Indeed it is only a fraction off its best rate for over five years. Those…
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Today, inflation figures will be released for December, expected to rise about 7% year-on-year. This could provide fresh impetus for the Federal Reserve to hike interest rates earlier than expected.
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European Central Bank official, Andrea Enria, will kickstart a series of speeches from ECB officials to end the week.
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The pound is still strong against the euro and the dollar this morning, benefitting from hopes that Covid related lockdowns are a thing of the past.
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