The single currency weakened by around 0.5% against USD yesterday amid the frustratingly slow vaccine rollout and rising Covid cases in several of the EU’s major economies, including Germany.
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Sterling rallied early yesterday in response to positive data across the board (including mortgage lending, manufacturing PMI and lower credit card bills), but then declined through the rest of the day ending slightly below where it started.
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Sterling weakened across the board yesterday as positive vaccine and lower infection data begins to be priced in.
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Everything was done quickly and efficiently with lots of hand-holding to provide support, if, like me, you don’t do large international transfers very often. Would definitely use again and don’t hesitate to recommend. – Greta Fernandes
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There will be a series of data releases for the US this week, including PMI data and Non-Farm Payrolls at the end of the week.
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PMI data for February, inflation rate and retail sales figures will also be released. Manufacturing PMI, which is due to be released this morning, is expected to show strong growth for the sector in February.
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This week, all eyes will be on the Chancellor’s Budget on Wednesday. Rishi Sunak will outline the government’s spending plans, including whether the UK will begin paying off the debts and how it is going to support those…
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After a strong week, the pound weakened on Friday due to changes in the global markets. This morning, it is well supported against the euro and the dollar, but lower than it was towards the middle of last…
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