The pound has weakened against both the euro and the dollar this morning. Dollar strength and rising Covid-19 cases appear to be partly to blame for this weakness. Retail sales figures also fell month-on-month.
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This morning, the pound is still struggling against the euro and the dollar as markets remain cautious, opting for ‘safe haven’ currencies such as the dollar. UK data has also failed to support sterling, as both retail sales…
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The dollar is stronger this morning following the Federal Reserve’s latest meeting minutes, which were published yesterday.
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Data yesterday showed that inflation for the Eurozone rose to 2.2% annually, the highest figure in nearly three years and above the European Central Bank’s target of 2%.
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It’s a quiet day for UK data today, however, consumer confidence figures for August will be released tomorrow morning.
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The pound is trading around similar levels against the euro this morning but is weaker against the dollar. Minutes from the Federal Reserve’s latest meeting were published yesterday, which showed that there is growing support amongst officials to…
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The dollar strengthened throughout the course of yesterday against the pound, euro and other currencies due to its status as a ‘safe-haven’ currency.
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Later today, inflation figures will be released for the Eurozone, with the annual figure expected to come in at 2.2%.
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