Despite a small dip yesterday, the US dollar has been strengthening slightly against the euro over the past week or so, while remaining nearly 10% lower than this time last year.
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The euro performed well against the US dollar yesterday, although we are still some way off recovering last week’s near-1% loss.
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The pound has weakened this morning against the euro, while strengthening marginally against most other currencies. This drop might have been expected on news of the delay in pandemic-restriction releases yesterday.
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The currency markets appeared to shrug off the widely-anticipated news that the UK’s remaining Covid-19 restrictions will not be lifted on 21 June as hoped, but will be extended to 19 July at least. Although sterling ended the…
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The dollar is stronger against a basket of currencies this morning ahead of the Federal Reserve’s FOMC meeting later this week.
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The euro is mostly flat against the dollar this morning ahead of a busy week for data.
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The pound is still trading around the same levels against the euro and the dollar to start the week.
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The pound is mostly trading around the same levels against the euro and the dollar ahead of the government’s official announcement on the June 21 ‘Freedom Day’, which will take place later today. Although it is largely expected…
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