The pound stormed to very nearly its highest rate since last May against the euro and is bobbling around among the highest rates against the US dollar since mid-2018.
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The pound has reached two-month highs against the euro and dollar this morning on news that a vaccine for COVID-19 may be ready soon. The health secretary, Matt Hancock, put forward a more upbeat message about the government’s…
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The dollar strengthened against the euro yesterday, although it failed to recover its losses from last week.
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Although the Euro has strengthened against USD by nearly 3% over the week the advance was pegged back slightly yesterday, as the election result hit the markets.
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Sterling strengthened by around 1% across the course of yesterday against EUR. It remained broadly stable against USD but did briefly hit a new two-month high.
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A day of good news yesterday has been tempered this morning by a record rise in redundancies in the three months to the end of September.
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The pound starts the week nearly 3% higher against the USD than last Monday while GBP/EUR remains largely unchanged. The longer-term ramifications for the currency from a Joe Biden win are essentially unknowable – could his election encourage…
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The dollar sank to its lowest level in over two months against a basket of currencies on Friday as a Biden victory looked more and more likely.
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