The pound remains in a strong position against both the euro and the dollar this morning. News that Omicron cases are falling, and overall hospital admissions are levelling has raised hopes that Covid-related restrictions and lockdowns won’t be…
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Following six months of steady strengthening against the euro, the last six weeks have seen the dollar struggling against both euro and sterling.
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The euro has had a mixed 24-hours, falling against sterling and the US dollar but strengthening elsewhere.
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Sterling has strengthened again this morning, going beyond yesterday morning’s gains and rising fractionally above the €1.20 mark.
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The pound has risen sharply in early trading today, finally breaching €1.20 for the first time in nearly two years and the $1.36 for the first time in over two months. The prompt appears to be fresh hopes…
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December’s inflation rate will be revealed on Wednesday, which is 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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There are several events coming up this week that could impact the euro’s strength, including unemployment figures later today, industrial production data on Wednesday and several speeches from European Central Bank officials.
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It’s a quiet week for economic data until Friday, when GDP, industrial production and balance of trade figures will be released.
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