The euro remains strong against the dollar. However, the single currency’s strength against the dollar could be threatened by rising U.S bond yields and concerns over higher inflation rates there. European Central Bank members agreed that sufficient stimulus…
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The pound rose to a near 1-year high yesterday against the euro and continues to strengthen against the dollar. Sterling’s strength comes from the UK’s efficient vaccine programme and optimism over economic recovery. Markets will be listening closely…
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The pound is strong this morning against both the euro and the dollar, after rising to a near 1-year high against the euro yesterday. The combination of a successful vaccination programme and optimism over the UK’s economic recovery…
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Data released yesterday showed that US retail sales increased sharply in January after households received pandemic relief money from the government. It was the largest increase in seven months.
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The euro was weak yesterday due to a rising pound and dollar and is still struggling this morning. The slow pace of vaccinations in Europe continues to weigh on the single currency.
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The pound hit a 10-month high against the euro yesterday and is still trading around those levels this morning, as the UK’s vaccination programme is still providing hope about the speed of the UK’s economic recovery.
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The pound is strong against the euro this morning after reaching a 10-month high yesterday. The pace of the vaccine programme in the UK is boosting sterling, whilst the slower vaccine progress in Europe is weighing on the…
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Sterling finally breached the €1.15 level this morning, following a strong set of data releases on inflation (the CPI advanced to 0.7% year on year, ahead of expectations). GBP/EUR is still some way off the level it reached…
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