President of the European Central Bank, Christine Lagarde, said in a speech yesterday that the Bank are attentive to the euro’s recent strength and aware that it puts downward pressure on prices.
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The Prime Minister will chair an emergency meeting in the House of Commons this morning, which will be followed by a press conference. He is due to address the nation at 8pm this evening.
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The pound weakened yesterday and is still soft against the euro and dollar this morning, after the UK’s Chief Medical Officer, Professor Chris Whitty, addressed the nation and warned that coronavirus cases could rise significantly over the next…
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Sterling starts the week holding onto some of the gains it made last week when the EU commission president said she was hopeful of a deal. Other than that small ray of sunshine, the headwinds against sterling seem…
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The dollar had a flat sort of week against EUR while losing out slightly to GBP. This week political and monetary considerations should dominate.
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The euro weakened sightly against GBP last week. Against USD, despite a dip midweek the single currency ended the week essentially unchanged.
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Sterling starts the week almost 1% higher against both EUR and USD than last Monday, after the EU Commission president made positive comments on hopes for a Brexit trade deal.
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The UK as a whole could be heading for more lockdown measures as new Covid cases exceeded 4,000 per day for the first time since May – albeit with more testing now. Despite this, fatality rates remain low.…
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