The Federal Reserve will conclude its latest two-day monetary policy meeting today and the markets will be listening for any comments surrounding the tapering of monetary support measures. The dollar and other currencies could be impacted by rhetoric…
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Sterling has been buffeted in recent days by a mixture of poor economic and political news, from rising energy costs risking food supplies, to a warning from President Biden that the UK is, indeed, at the back of…
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The dollar strode ahead of most major currencies yesterday, strengthening to a three-week high against the euro and a month-long high against the pound.
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The single currency strengthened by just over half a cent against sterling yesterday, and while it has fallen back slightly this morning it is holding onto the majority of those gains for now.
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Multiple pressures weighed on sterling yesterday, seeing the pound fall against almost all major currencies.
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Sterling weakened yesterday against the euro and US dollar as a numbers of factors – some new and some bubbling under for a while – persuaded the currency markets to sell sterling. The first factor is the “energy…
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The main event for the greenback this week will be the Federal Reserve’s monetary policy meeting, which will conclude on Wednesday.
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This week, the euro could be impacted by the central bank meetings, economic data and any news during the lead up to the German election, which is due to take place this Sunday.
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