Sterling remained steady against most of its major competitors over the past 24 hours while clawing back some of last week’s losses against the non-US dollars. The first week of September has been unseasonably quiet this year. In…
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On Thursday this week, the European Central Bank will hold its latest monetary policy meeting. After a high inflation reading of 3% last week, there could be discussion over when the Bank should start to taper its quantitative…
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This week, we can expect a quiet week for UK economic data until we get to Friday, when balance of trade, industrial production and GDP figures will be released.
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Both the pound and the euro strengthened against the dollar at the end of last week following a disappointing US Non-Farm Payrolls report. The report revealed that the number of new jobs added to the US economy in…
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The dollar weakened against several currencies on Friday after a disappointing jobs report, which showed that the economy added just 235,000 jobs last month. The greenback has rebounded this morning.
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The pound has been moving sideways for the past two weeks against the euro and has returned to where it was in mid-August against the US dollar as well. The last six months has been one of the…
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The euro is still trading around its highest levels against the dollar in four weeks. This is primarily down to a combination of dollar weakness and the pressure on the European Central Bank to wind down its Pandemic…
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The pound is trading around the same levels against the euro this morning. Sterling gained some strength against the dollar yesterday but has since retreated. Markets will now be focusing on today’s US non-farms payroll report which could…
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