Today, there is a series of important data releases for the US, including Balance of Trade, PMIs and jobless claims.
Read more
›
The ECB’s Chief Economist, Philip Lane, said that exchange rate “does matter” when it comes to monetary policy, confirming that the ECB is uncomfortable with the rising euro.
Read more
›
After starting the week in a strong position, sterling was slightly weaker yesterday after Bank of England officials commented on the UK’s economic recovery.
Read more
›
The pound is still well supported against the euro and dollar but weakened slightly yesterday after Bank of England officials warned that the UK’s economic recovery could be more drawn out than expected. Although views differ slightly between…
Read more
›
The dollar continued to suffer yesterday after Jerome Powell announced a change of gear for the Federal Reserve last week.
Read more
›
The euro also strengthened against the dollar yesterday, hitting key levels as the greenback weakened against most major currencies.
Read more
›
Sterling strengthened to its highest level against the dollar since last year yesterday and reached a 3-month high against the euro.
Read more
›
The pound is still strong against both the euro and the dollar this morning, as dollar weakness and worries over infection rates in Europe give sterling a boost. Positive data released for the UK yesterday has also helped…
Read more
›