Speaking yesterday, Federal Reserve Chair Jerome Powell reiterated the Fed’s cautious stance towards monetary policy and noted that the economy was improving.
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President of the European Central Bank, Christine Lagarde, will speak on Wednesday. Investors will be looking out for any comments on monetary policy.
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The pound experienced its largest weekly decline against the euro last week since September. This was due to a mixture of vaccine uncertainty and profit taking from investors.
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It’s not often that sterling drops over 2% in the course of a working week, especially when the reasons for the weakening are so opaque. The last time was in September, but then there were clear reasons (over…
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The pound is still in a weaker position this morning after losing ground against both the euro and the dollar last week. Despite this, sterling has made some small gains this morning and is stronger than its average…
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The euro maintains its strength this morning, after gaining 2% against sterling since Tuesday. The European Central Bank have expressed their surprise at the speed of the eurozone economic recovery but stressed that uncertainty remains.
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As the week ends, the pound has continued its downwards trajectory against most key currencies and could see its sharpest weekly decline against the euro since September 2020. Vaccine concerns and disruption to supply have weighed heavily on…
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Sterling has weakened further against the euro and the dollar this morning and could see its sharpest weekly decline against the euro in 7 months. A weak pound is relatively unusual in the month of April as the…
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