The US dollar continued its month-long positive run against the euro yesterday, while remaining broadly stable against the pound.
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The euro looked shaky against the US dollar yesterday as it struggled to hold onto last week’s gains. Despite a surge in support briefly yesterday, it fell away against the pound and remains a good 5% down on…
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Sterling stayed strong yesterday, maintaining the highs it achieved just before the weekend as the markets got on board with the government strategy of releasing the economy despite the surge in Covid cases.
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Despite a brief dip yesterday morning, sterling maintained its position at a four-month high against the euro and a two-week high against the US dollar. The pound was supported by news that the 19 July lifting of restrictions…
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Sterling begins the week at its highest point for two weeks against the US dollar and once again trying to break above the narrow range it’s been trading at for the past two months against the euro. Healthwise,…
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Federal Reserve Chair, Jerome Powell, will testify in front of Congress on Wednesday and Thursday. The markets will be looking out for any comments about the Fed’s plan for monetary policy.
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This week, inflation rate data for Germany will be released, followed by inflation rate figures for the Eurozone on Friday.
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Inflation rate data will be released for the UK this week. The markets will be watching closely to see if the figure will impact the Bank of England’s view that higher inflation is ‘transitory’.
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