The pound reached a one-year high against the euro yesterday and is still trading at multi-month highs against the euro and the dollar this morning. The UK’s vaccination programme, reduced expectations of negative interest rates and hopes of…
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“Did what it said on the tin. Cash transferred from overseas account and processed, converted and sent to my UK account in 24 hours. Excellent.” Ray Corstin
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As well as Powell’s testimony today, the markets will continue to look out for progress on Biden’s stimulus bill, which could be passed along party lines on Friday or Saturday.
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Europe’s slow vaccine rollout continues to weigh the euro down against sterling. The euro strengthened against the dollar yesterday and is still fairly strong this morning.
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The pound has hit fresh highs against the euro and the dollar this morning due to continuing success with the UK’s vaccine rollout and a drop in infections. As of yesterday, the UK recorded its lowest daily infections…
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The pound has hit fresh highs against both the euro and the dollar this morning, as the UK’s speedy vaccine rollout and a fall in daily infections has boosted hopes of economic recovery. Sterling is trading near 2018…
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The pound has continued to bound ahead overnight, proving that it’s not just traders in a UK/EU time zone that are supporting sterling. Set against the average of the post-referendum world, today’s GBP/EUR rate has rarely been bettered.…
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The US dollar has dropped around 1% against the euro and a little less against the pound over the past 24 hours.
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