The dollar has strengthened following a jump in US inflation figures yesterday. The annual inflation rate jumped to 4.2%, the highest reading since 2008 and above expectations of 3.6%.
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Industrial production figures were released for the Eurozone yesterday. In March this year, industrial production increased by 10.9% from a year earlier in March 2021.
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The pound is still strong against the euro, reaching a 5-week high yesterday. Although it has weakened slightly this morning, it is still trading around those levels.
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The pound reached a 5-week high against the euro yesterday and is still strong this morning. It has strengthened since the start of the week following the UK’s local election results, when political ‘risks’ subsided after the SNP…
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The dollar is still weak against the pound and euro this morning but has strengthened slightly against a basket of currencies ahead of the US consumer price index, which will be released later today.
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The euro is strong against the dollar and slightly weaker against the pound this morning. The single currency was given a boost yesterday due to positive data releases.
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Preliminary GDP data released this morning shows that the UK economy shrank by 6.1% year-on-year in the first quarter of 2021 and shrank 1.5% quarter-on-quarter.
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Sterling is still strong against the euro and the dollar this morning, holding onto its gains made after the local election results. GDP data released for the UK this morning shows that the economy shrank in the first…
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