The pound’s up, down and then, thankfully for those buying euros, up again performance over the past week has shown on what a hair-trigger currencies are operating on. Against both the euro and the US dollar sterling is…
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The dollar has strengthened this morning after a big sell-off of US treasury yields yesterday. Market confidence is increasing as the global economy seems to be bouncing back faster than expected. Durable goods orders, which includes machinery and…
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The euro has strengthened against the pound but weakened against the dollar after rising bond yields in the US. This comes despite the European Central Bank saying they are willing to buy bonds flexibly to avoid a tightening…
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The pound has weakened against both the euro and the dollar this morning. The prompt appears to be due to issues unrelated to the vaccine rollout or Brexit deal, which had boosted sterling in recent weeks, but larger…
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Sterling has fallen by between 1 and 2% against both EUR and USD since Wednesday morning. Rising bond yields in the US hit a one-year high leading markets to favour the dollar as confidence in global economic recovery…
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The dollar is weaker this morning, failing to receive a push from higher treasury yields. This is possibly due to Federal Reserve Chair, Jerome Powell’s ‘dovish’ tone yesterday.
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Today there will be a series of data released for the Eurozone, including economic, industrial and services sentiment figures. All are expected to improve month-on-month in February.
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Sterling is the top performing G-10 currency of 2021 due to reduced expectations of a negative rate cut and an efficient vaccine programme which has fuelled hopes of a swift economic recovery in the UK.
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