Sterling has gained strength this morning as the markets reacted well to the UK government’s cautious but planned roadmap out of lockdown.
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Sterling has continued to rise, climbing half a cent yesterday and this morning against the euro and slightly more against the US dollar.
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Sterling continues to defy expectations and remains around 2.5% higher than this time last month against both the euro and US dollar. It’s way ahead of CHF and JPY and just keeping a nose in front of the…
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Federal Reserve Chair, Jerome Powell, will testify in front of Congress this week. The markets will study his words carefully for any clues as to when the central bank’s easy monetary policy stance will start to change.
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The EU’s vaccination progress is weighing on the single currency, as opposition mounts to the AstraZeneca version in several EU countries.
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The pound is still trading at strong levels against the euro and the dollar this morning, after rising more than 1% over the course of last week.
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The pound strengthened against all major currencies last week, including the euro and dollar, and is still trading at strong levels this morning. Sterling reached a near 1-year high against the euro and was near a 3-year high…
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The dollar remains weak against the euro after US jobless claims rose more than anticipated last week, to 861,000. Nonetheless, President Biden has announced his determination to rebuild the US economy saying, “now is the time we should…
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