The pound fell nearly 4% last week against the euro and we probably shouldn’t draw much comfort from this morning’s slight rise, caused by a small improvement in the stock exchange. It really could go either way in…
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The dollar was in a weak position against the euro towards the end of last week but was stronger against the pound.
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The euro was strong against both the pound and the dollar at the end of last week, after the President of the European Central Bank, Christine Lagarde downplayed concerns over the rising value of the currency.
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The pound started the week on the rise, following near 4% falls last week as the eighth round of Brexit negotiations came to a close with a deal apparently further away than ever.
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After last week, when politics moved the markets dramatically, this week we should see a return of economic and health factors to the fore. The Bank of England Monetary Policy Committee will be pronouncing on interest rates on…
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Inflation rate figures will be released for the US today, ahead of the Federal Reserve’s latest interest rate decision next week.
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The euro was strong against the euro and dollar yesterday after the ECB’s monetary policy meeting. As predicted, the Bank voted to keep interest rates on hold.
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The pound weakened to five-month lows against the euro yesterday as Brexit continued to weigh. Worries over the progress of trade negotiations between the UK and EU are driving the pound lower.
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