The pound weakened slightly against the euro and dollar this morning due to inflation rate figures, which were released this morning.
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The pound is slightly weaker against the euro and the dollar this morning following the release of inflation rate figures. Inflation for the UK came in at 2% year-on-year in July, missing expectations of 2.3% and easing for…
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As we reach the midweek mark, an ongoing selloff in global stock markets, along with a dip in inflation figures, is weighing on the pound. This global selloff is largely being driven by worse-than-expected data from the ‘powerhouse’…
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The dollar is stronger this morning, benefitting from its status as a ‘safe-haven’ currency. This has occurred due to global COVID-19 concerns and the escalating political turmoil in Afghanistan.
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After strengthening against the dollar yesterday, the euro is slightly weaker this morning ahead of Eurozone economic data.
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The pound is still fairly well supported against the euro and the dollar, following positive jobs data that was released for the UK this morning.
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Data released early this morning shows that the UK’s jobs market is improving, with job vacancies hitting a record high at 953,000 in May to July – 168,000 more than before the pandemic. The pound is still fairly…
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The dollar is slightly weaker against a basket of currencies this morning as rising COVID-19 cases and poor consumer confidence data weigh on the greenback.
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