The dollar is weaker this morning as hopes have increased for a stimulus bill from Congress. The bill will supply extra aid for the US economy in the midst of the pandemic.
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The euro is strong this morning against both the pound and the dollar. A strong auction for EU bonds is thought to have helped the single currency.
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The pound is slightly weaker against the euro this morning, but still well supported overall as Brexit news continues to have an impact.
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Despite a stalemate in Brexit negotiations after the EU summit last week, the markets are still holding out for talks to resume, possibly in the coming days. Michel Barnier has declared that the EU side is ready to…
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The pound fell by around 0.5% against the euro yesterday as EU-UK trade talks remained in stalemate. With the news focusing on the Manchester Covid funding row and potential for a further lockdown if England opts to follow…
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The dollar has strengthened slightly this morning on uncertainty surrounding a stimulus bill from Congress. On Sunday, House Speaker Nancy Pelosi gave Congress 48 hours for a bill to be agreed upon before the US election.
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The euro’s strength against the dollar continues to wane as COVID-19 cases continue to rise across Europe. ECB Vice President Luis de Guindos said recent economic data showed that recovery is losing momentum.
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The pound is still well supported against the euro and the dollar this morning. EU Chief Negotiator, Michel Barnier, said yesterday that the EU are ready to discuss and finalise the legal texts for a Brexit deal and…
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