Sterling has strengthened further against the euro this morning after reaching a one-year high yesterday. The UK’s vaccine rollout and hopes of economic recovery continue to support the pound. It has been reported that the vaccine programme will…
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The dollar continued to gain at the expense of the euro while having a “choppy” day against GBP.
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The euro continued its slide against both the US dollar and GB pound yesterday, falling around 0.5% on the day and around 1.5% across the week against both.
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Sterling hit a one-year high this morning against EUR, while remaining broadly stable against USD, as the markets continue to react positively to last week’s Budget and hopes of a rapid economic recovery, with schools returning this week…
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GBP reached its highest level for more than a year this morning against the euro, following positive business confidence data yesterday from the UK’s service companies.
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The dollar is strong this morning after a version of Biden’s $1.9 trillion stimulus bill was passed through the Senate via party lines on Saturday.
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On Thursday, the European Central Bank will make their latest decision on interest rates. There will be a focus on how it will react to the recent rise in bond yields and inflation.
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The pound is still at strong levels against the euro and the dollar this morning. Sterling weakened against the dollar last week after a ‘dovish’ speech from Federal Reserve Chair, Jerome Powell.
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