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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The Federal Reserve’s two-day meeting will conclude with a press conference on Wednesday. Officials are widely expected to announce speeding up the tapering of their bond buying programme.
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The ECB has already said that its quantitative easing programme will close around the end of March. However, officials could announce an extension of its Asset Purchase Programme.
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