Data released yesterday showed that the US consumer price index jumped 0.6% in March versus the previous month, the largest gain since August 2012, and rose 2.6% from a year earlier. Both readings were above market expectations.
Read more
›
France, Germany and Italy have reported a significant increase in vaccinations over the past week. It’s hoped that this will fuel a faster economic recovery in Europe.
Read more
›
The pound reached a 7-week low against the euro this morning and is still weaker against the dollar. It’s thought that the recent fall is due to news that the Bank of England’s Chief Economist, Andy Haldane, will…
Read more
›
The pound weakened to a 7-week low against the euro earlier this morning. It’s thought that this was partly down to the resignation of the Bank of England’s Chief Economist, Andy Haldane, a ‘hawkish’ member of the Monetary…
Read more
›
The dollar was the loser among major currencies yesterday, weakening slightly against both euro and pound during the day. It continues to move in and out against EUR with no clear direction.
Read more
›
The single currency chopped and changed against USD yesterday, ultimately strengthening fractionally, boosted by better than expected shopping data.
Read more
›
Sterling attempted to stage a recovery early yesterday, strengthening by 0.5% against the euro, which dwindled by around 50% over the rest of the day. The pattern was repeated against the US dollar, but sterling managed to hold on…
Read more
›
Despite some early gains yesterday sterling failed to rediscover its bounce from earlier in April and approaches the mid-point of the month almost 2% down against the euro and 1% down against USD compared to the start of…
Read more
›
