The pound has strengthened further against the euro this morning, supported by positive data. After weakening against the dollar midweek, sterling has since regained almost all of its strength. Retail sales surged 9.2% in April, double what markets…
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The pound is strong against the euro after a series of positive data releases. Against the dollar, sterling has almost completely recovered from its midweek losses. Retail sales jumped by 9.2% in April, twice what markets had predicted,…
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The dollar initially strengthened after the release of the FOMC’s meeting minutes yesterday, however, it is slightly weaker this morning.
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April’s Inflation rate data was released for the Eurozone yesterday, beating expectations at 1.6% year-on-year.
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The reopening of the UK economy continues to support the pound. However, investors remain cautious about the Indian variant of the virus.
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The pound is still trading around strong levels against the euro and the dollar this morning but is slightly weaker against the euro compared to the start of this week. Sterling is still sensitive to vaccine progress and…
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The dollar is at multi-month lows against a basket of currencies this morning ahead of the release of the Federal Reserve’s latest meeting minutes.
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The euro is still strong against the dollar this morning after making gains over the past week and month.
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