The single currency has experienced an unsteady but marked decline against sterling over the past two weeks, as investors put their faith in the UK’s vaccination programme beating the Eurozone’s against the Omicron variant.
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Sterling has edged slightly over the €1.19 barrier this morning, while slipping by around 0.25% off the five-week high it achieved against the US dollar yesterday.
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Sterling ends the year on a spectacular high, only around 0.1% off its highest rate for the whole of 2021 and fractionally off its highest rate since the Brexit referendum vote more than five years ago. The UK’s…
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There is a series of data releases for the US today, including pending home sales, which are expected to show that sales increased by 0.5% month-on-month in November.
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The euro is weaker against both the pound and the dollar this morning, mainly due to sterling and greenback strength.
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Sterling is building on gains made after the Bank of England rose the interest rate to 0.25%, as well as further suggestions the Omicron variant isn’t as severe as the Delta and poses less risk of hospitalisation.
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The pound is trading near a 2021 high against the euro and is strong against the dollar this morning, mainly due to upbeat market sentiment. The FTSE 100 has hit a pandemic high this morning on hopes that…
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It’s good to end the year on such a high note for those buying euros that my last email of the year is a rate alert. But today’s big news really is the strong rate for GBP, close…
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