Sterling is looking stronger today after promising data, which shows that retail sales have picked up moderately in July. Although the news is positive, it has been met with caution as financial pressures on businesses are ongoing. The…
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The pound cranked up another half cent or so against the US dollar yesterday, as the world’s ‘reserve currency’ continued to suffer. It’s certainly doing poorly against sterling, trading at around its lowest levels of the past two…
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The dollar weakened to a near five month low against the pound and a two year low against the euro yesterday, as worries increase over the rising coronavirus cases in the US. However, it has made a small…
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Any signs that the Eurozone is recovering economically and managing to contain the virus could bode well for the single currency. IFO Business Climate figures for Germany were released yesterday morning, rising by 4.2 points.
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Sterling reached a near five month high against the dollar yesterday, due to dollar weakness. As Brexit talks haven't shown any real developments yet, the pound continues to be driven by other currencies.
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After news over the weekend that travellers from the UK will have to quarantine after visiting Spain, airline and travel stocks tumbled yesterday. Last night, Spain’s Prime Minister, Pedro Sanchez, criticised the decision by the UK government, calling…
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The dollar suffered at the end of last week due to a mixture of rising COVID-19 cases, US-China tensions and a delay in the stimulus package bill. It is still weak against both the pound and the euro…
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The euro had a strong week last week, rising against the dollar to levels not seen since 2018. The single currency is still strong this morning, benefiting from it's new-found energy due to the European recovery fund.
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