The pound has weakened slightly against the euro and dollar but remains at strong levels against both. GDP data released this morning revealed that the UK economy shrank by 9.9% last year as the country effectively shut down…
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The pound is slightly weaker this morning but remains at strong levels against the euro and the dollar. There was little movement despite GDP data revealing that the UK economy saw its fastest drop in 300 years. Nonetheless,…
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In a speech yesterday, Federal Reserve Chair, Jerome Powell, said that despite the quick pace of recovery that the US has seen so far, there are still hurdles to overcome.
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Yesterday, the EU Parliament approved the grants and loans from a 'Recovery and Resilience Facility' to help EU countries tackle the effects of the COVID-19 pandemic.
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In a speech released yesterday, Governor of the Bank of England, Andrew Bailey, called EU demands for City banks to comply with Brussels regulations unacceptable.
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The pound is still strong against the euro and the dollar this morning as hopes of economic recovery remain due to the UK’s vaccine push. Sterling has been the best-performing G10 currency in 2021 so far. In a speech yesterday, Federal…
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The dollar is weaker this morning against a basket of currencies, as promise of the $1.9 trillion stimulus package is boosting market sentiment and hopes for economic recovery.
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The easing political tensions in Italy are also providing support to the single currency.
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