The dollar remains at fairly strong levels against a basket of currencies ahead of the Federal Reserve’s monetary policy meeting this week.
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The euro is strengthening slightly against the dollar this morning ahead of a key week for Eurozone data.
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A series of PMI data came out for the UK on Friday, showing growth in the services and manufacturing sectors in the month of July but coming in below expectations.
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The pound is slightly stronger against the euro and the dollar this morning ahead of a busy week. Bank of England official, Gertjan Vlieghe, will speak later today and the markets will be listening for any comments surrounding…
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Sterling starts the week just over 0.5% stronger against both the US dollar and euro this morning. The currency that it’s strongest against, at 1.3% up on the week, is the Japanese yen (JPY). Perhaps the pound has…
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Initial jobless claims have risen by 51,000 in the last week, largely attributed to a rise in Covid cases – up 53% week-on-week. Later this afternoon, Markit PMI will be released. Both manufacturing and services PMI is expected…
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The euro fell lower yesterday afternoon after the European Central Bank vowed not to tighten its monetary policy until inflation reached the 2% target. The Bank has also said it will keep its bond-buying programmes until at least…
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The pound saw strong gains of around 1% against the euro yesterday but has weakened slightly this morning. All eyes are now on PMI data. Sterling's recovery appears to have been fuelled by comments made by the European Central…
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