The pound is stronger against both the euro and the dollar this morning as political risks have subsided following the local elections. The main focus for the markets was the Scottish elections. The SNP failed to achieve an…
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Sterling has leapt forward against all major currencies this morning, strengthening by 0.7% against the euro and US dollar. Against the dollar, the pound reached above $1.40 this morning, reaching very close to a three-year high. Against the…
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The dollar is weaker this morning after a series of positive data releases. The Bank of England’s monetary policy decision also weighed on the greenback. The US saw the lowest initial jobless claim figures since March 2020.
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The euro has maintained its strength against the dollar after positive US data. Retail sales for the eurozone outperformed market expectations both month-on-month and year-on-year.
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The pound has regained some strength but remains volatile against both the euro and the dollar this morning after “Super Thursday”. Following its monetary policy meeting yesterday, the Bank of England has decided to slow down the pace…
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Sterling saw an initial dip, and remains volatile, after the Bank of England’s decision to stretch out its £150bn purchase programme until the end of the year. The BoE also increased its growth forecast which would see the…
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ADP employment figures released yesterday showed that US private employers added the most jobs in seven months in April. This comes ahead the eagerly anticipated Non-Farm Payrolls report tomorrow.
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The euro strengthened slightly against both the pound and the dollar ahead of a busy morning for European data.
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