The euro is weaker against the dollar and stronger against the pound this morning. Overall, worries about the third wave of COVID-19 infections in Europe are weighing on the single currency, as well as the slow vaccine rollout.
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Data released this morning shows that UK inflation rate unexpectedly dropped in February. Annual inflation rate eased to 0.4% in February of 2021 from 0.7% in January, below market forecasts of 0.8%.
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Concerns over global economic recovery have sent the markets lower this morning, causing sterling to weaken against the euro and the dollar. A possible vaccine export ban from the EU could also be putting pressure on the pound.…
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Sterling hits midweek roughly 3-4% down against USD compared to this time last month, but just about holding its own against EUR, despite slipping around 1% from the highs it reached last week. The question is really whether…
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The dollar is looking steady this morning ahead of Jerome Powell’s testimony before Congress later today. Treasury Secretary, Janet Yellen, will also speak.
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The euro is under pressure against the dollar due to concerns about the third wave of COVID-19 infections sweeping across Europe.
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The pound weakened slightly against the euro and the dollar yesterday due to the recent vaccine dispute, in which the EU has threatened to impose a ban on vaccine imports to Britain. However, sterling is still at strong…
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After weakening slightly yesterday, the pound is still at strong levels against the euro and the dollar this morning. The UK-EU vaccine dispute continues, with reports suggesting that the issue will be discussed between European leaders on Thursday.…
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