The pound strengthened to a three week high against the euro and is strong against the dollar, following news of reopening plans. Sterling is also stronger after cautiously optimistic rhetoric surrounding Brexit negotiations, which took place in London…
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Sterling strengthened to a three-week high against the euro as fairly positive Brexit rhetoric, as well as news of the economy reopening, helped the pound. Yesterday, the government announced the reopening of the beauty industry, gyms, pools and…
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The dollar has weakened against both EUR and GBP so far this week and could continue to do so as economic data comes in.
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German balance of trade figures released earlier today showed German trade recovering (despite a 50% fall in exports to the UK year on year to May).
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Despite spending £30bn, there were complaints yesterday – and not just from the Opposition – that the mini-Budget is not enough to stimulate the economy into a V-shaped recovery.
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Chancellor Rishi Sunak is being touted as a future Conservative Prime Minister and his £30bn giveaway mini-Budget was certainly a good way to make friends.
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It’s going to be a big day for sterling today, so if you have a significant trade coming up over the next year, do get in touch with your trader early on 020 8108 5337. Sterling has recovered…
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After losing its safe haven appeal earlier in the week, the dollar was stronger again yesterday after worries resurfaced over coronavirus infection rates and local lockdowns. However, it looks weaker against the pound and euro this morning.
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