The European Central Bank will hold its latest monetary policy meeting tomorrow. It’s thought that there won’t be any firm decisions on policy due to the uncertainty surrounding the Omicron variant.
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It is widely expected that the Bank will keep rates on hold tomorrow due to economic uncertainty brought about by the Omicron variant.
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Sterling has strengthened against both the euro and the dollar following the release of UK inflation figures this morning. Inflation in the UK surged to 5.1% year-on-year in November largely due to rising energy prices and supply chain…
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The dollar remains strong, on the promise of a tightening of monetary policy as the Fed looks to control inflation.
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The single currency flip-flopped against both GBP and USD yesterday but remains stronger on the week against all major currencies.
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Sterling remains finely balanced this morning, having strengthened very marginally in the past 24 hours against NZD, CAD and USD, but slipped against NOK, SEK and the euro.
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Sterling strengthened briefly against the euro yesterday morning but returned to Friday’s level by the end of the day. The direction of travel was mainly downwards for GBP/USD and the pound was roughly 0.5% down on the day.…
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Sterling starts the week exactly where it began last Monday against both the euro and US dollar. Which, considering the week we’ve just had in politics and the Covid-19 saga you might think isn’t too bad. Indeed, GBP/EUR…
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