Sterling’s losses have been compounded this morning against the euro, while recovering strongly against the Australian, New Zealand and Canadian dollars.
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The stock markets bounced back yesterday following suggestions that the new Omicron variant will be dealt with by existing vaccines. Sterling, however, has continued to slide. GBP/EUR ended yesterday where it was on Friday after a brief bounce…
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The dollar lost some strength at the end of last week as markets expressed concerns about the impacts of the new Covid-19 variant on the Federal Reserve’s tapering plans. It is stronger this morning.
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The euro rebounded against the pound and the dollar at the end of last week, climbing almost 1% on Friday. This morning, it has weakened slightly, mainly due to greenback strength. Markets await German inflation data.
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The pound fell sharply at the end of last week against a handful of currencies following reports of a new, and more mutated, variant of Covid-19. This morning, it has strengthened against the euro but is still struggling…
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After falling sharply on Friday following the news of a new, more mutated, variant of Covid-19, the pound has regained some strength against the euro but is still struggling against the dollar. As of tomorrow, face masks will…
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After all the alarms went off on Friday when the Omicron variant hit the headlines, sending the stock market and sterling tumbling, this morning the pound has begun a climb back against the euro. It has already breached…
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It was a quiet day in the US yesterday with markets closing for Thanksgiving. The dollar has weakened this morning following concerns around the timing of the Fed's interest rate hike.
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