Sterling hit its highest rate for 13 months, strengthening nearly 2% against last Monday against the euro, powered by more good news on vaccine rollout and the first day of fractionally more relaxed lockdown rules.
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On the currency markets the US dollar and GB pound were the strongest performers, at the euro’s expense, but with further volatility expected as we approach the month-end and Easter break.
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The dollar is strong against the euro this morning as it benefits from its safe-haven status and the successful vaccine rollout in the US. The US’ economic strength is also contributing towards the greenback’s strength.
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The euro continues to suffer and is heading for its worst month since 2019 as vaccine and COVID-19 concerns weigh on the single currency.
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The pound weakened against the euro and dollar at the beginning of last week and then recovered slightly through the latter half of the week. It is fairly strong against the euro this morning.
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The pound is strong against the euro this morning and slightly weaker against the dollar, as global market sentiment has slipped at the start of a new week. Despite this, the UK’s successful vaccine programme continues to support…
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Sterling starts the week in a strong position against the euro, having shrugged off a few jitters at the start of last week to return to a new 13-month high. Against USD sterling remains 10 to 15% stronger…
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The dollar has lost some of its strength this morning as the euro shows a slight recovery. US jobless claims fell to their lowest numbers since the start of the pandemic, pointing towards economic recovery.
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