The dollar is stronger against a basket of currencies this morning following positive retail sales. However, it is weaker against the pound.
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At the start of the week I mentioned four data releases that would have the power to move sterling significantly. All were key economic indicators of the current and near-future state of the economy: employment, inflation, consumer confidence…
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The dollar has continued to climb against the euro and most other major currencies – the pound excluded – following good news on jobs on Friday. It is now at its highest rate against EUR since July 2020.
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The euro has fallen against the pound this morning on UK jobs and earnings data this morning. However it was already on a downward trajectory, and has weakened by around 0.7% against the US dollar too, since the…
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The end of the furlough system has not, so far, led to a rise in unemployment, with 247,000 new jobs being found in September and unemployment falling to 4.3%, close to pre-pandemic levels.
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Sterling has gained well over a cent against the euro on positive economic news this morning, with a smaller but determined rise against every major currency. The prompt has been better-than-expected jobs and earnings data this morning, just…
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The dollar is slightly weaker against a basket of currencies this morning after strengthening last week due to higher-than-expected inflation.
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The euro is weaker against the dollar this morning ahead of a week packed full of economic data releases and speeches from European Central Bank officials.
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