The single currency has swung wildly against the US dollar over the break, but starts 2022 at the same rate as early December, around $1.13. Over the same time period it has dropped by around 1.3% against sterling.
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Sterling has strengthened again this morning, equalling its highest point of the past year. The driver has undoubtedly been the news that while Omicron infection rates are massive, hospitalisations are manageable so long as the population has a…
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Sterling starts on the upswing, hovering around its best rate for the past year, as fears over the Omicron variant of Covid-19 dissipate and the markets look forward to more interest rate rises this year. Sterling has gained…
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The euro is still weaker this morning and could continue to suffer from the divergence in monetary policy between the European Central Bank and that of the other major Banks.
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The pound is trading at a 2021 high against the euro and around monthly highs against the dollar. The UK's impressive vaccination programme has led markets to favour sterling.
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On the final day of the year, sterling is trading at its highest level in 2021 against the euro and is also strong against the dollar. The UK’s vaccination programme, hailed “heroic” by the Prime Minister, has led…
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The dollar is still strong against the euro following positive jobs data. Weekly jobless claims in the US fell to a 52-year low of 198,000.
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Judging the past week as a whole the US dollar has leapt ahead of most major currencies, apart from the British pound, as Omicron and Delta variants of Covid continue to spread among the global population.
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