The pound hit its highest rate for three months against the euro yesterday and for nine months against the US dollar. The most obvious cause is the relative strength of the UK’s fight against Covid compared to the…
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The dollar is weak against the pound and the euro this morning after Jerome Powell’s speech last week, which revealed that the Federal Reserve will switch their stance to focus on higher employment and average inflation.
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Markit Manufacturing figures were released for the EU and Germany this morning. The figure for Germany came in at 52.2 for August, slightly below expectations but an improvement on July's reading. For the EU as a whole, it…
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David Frost and Michel Barnier will hold informal Brexit talks in London today in an attempt to revive negotiations. The markets will be looking for any signs of positive Brexit news before the timetable finishes in early October.
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After a strong month overall in August, the pound is still strong against the euro and the dollar this morning. Sterling is performing well against the dollar especially, which has weakened after the Federal Reserve revealed a change…
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As well as providing continued monetary support for the US economy, Powell revealed that the Fed would allow inflation to go above the 2% target for some time by leaving interest rates low for a longer period.
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The euro is slightly weaker against the pound this morning, possibly due to worries over rising infection rates in Europe. As countries slowly returned to normal and tourism started again, there has been a rise in cases.
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The Governor of the Bank of England, Andrew Bailey, will make a speech at Jackson Hole today. Markets will be looking for any views on negative interest rates.
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