Sterling hits midweek maintaining strength against the euro but weakening by 0.5-1% against the US dollar compared to this time last week. The economic data has been coming thick and fast over the past few days. For the…
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The dollar has strengthened against the euro this week, gaining roughly half a cent yesterday as Europe’s vaccine woes continue.
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It was a mixed picture for data yesterday, with manufacturing PMI for the Eurozone narrowly beating expectations, while retail sales in Germany were disappointing.
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Sterling hit a fresh 8-month and 2¾-year high against EUR and USD respectively yesterday, but it was a choppy sort of day which ultimately saw the pound lose the earlier gains.
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The UK’s vaccine programme continues apace, as door-to-door testing and enhanced contact tracing began in an effort to stop the South African variant of Covid-19 establishing itself.
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Another Monday morning brings another new high for sterling as soon as the markets opened this morning. The pound leapt by more than 0.25% against both EUR and USD, to another highest level since May last year and…
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Biden’s $1.9 trillion pandemic relief package is still yet to be approved, as a group of Republican senators are urging the President to reduce the price tag.
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Unemployment, GDP and inflation rate figures will be released for the Eurozone this week. The European Central Bank will also hold their non-monetary policy meeting.
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