The dollar continues to suffer against the euro and sterling overall, but had some respite yesterday, gaining from higher US Treasury yields.
Read more
›
Yesterday, while losing against the pound due to the aforementioned interest rate comments, the single currency spent the day chopping and changing against the US dollar. It retains its overall strength though, very close to a five-month high…
Read more
›
In a quiet week for data, it was comments on the potential for interest rate rises by the normally dovish Gertjan Vlieghe that moved the pound strongly upwards yesterday. As he prepares to leave the MPC this August,…
Read more
›
The pound strengthened across the board yesterday afternoon, following comments by Bank of England Monetary Policy Committee (MPC) member Gertjan Vlieghe that UK interest rates could rise earlier than expected if the economy picks up faster than the…
Read more
›
The euro is weaker this morning after losing gains it made during the day yesterday. There are signs of economic recovery in France after business confidence surged in May. In Germany, GfK Consumer Confidence also increased.
Read more
›
The pound has strengthened slightly this morning but is still struggling to gain substantial ground against both the euro and the dollar. Comments made by the Prime Minister’s former adviser Dominic Cummings and a lack of UK data…
Read more
›
The pound is still struggling against the euro and the dollar this morning after the UK government faced harsh criticism from the Prime Minister’s former advisor Dominic Cummings over its handling of the pandemic. Eurozone economic recovery appears…
Read more
›
The dollar has recovered slightly this morning as the euro fails to see any boost from falling Covid-19 cases. Initial jobless claims will be released later today, as well as a number of other key data releases.
Read more
›