The pound strengthened briefly against the dollar and euro yesterday due to technical factors, however, this strength was short-lived due to ongoing pressures from Brexit and the coronavirus crisis. Boris Johnson released his new plans for the UK’s…
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The dollar was weaker yesterday as the global markets opened higher, indicating market optimism despite a growing number of coronavirus cases. It was still strong against the pound, however.
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The euro had a strong start to the week, receiving a mild boost due to improvements in Eurozone confidence indications and better-than-expected German inflation rate data.
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The pound has reached a three-month low against the euro as Brexit negotiations between the UK and EU resumed. Over the weekend, the Prime Minister said that the government would be happy with an ‘Australian style’ trade deal,…
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The pound is still suffering this morning due to Brexit worries, concerns over the government’s plans to increase spending on infrastructure and weak GDP data. Negotiations between the UK and the EU resumed yesterday, with hopes that they…
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Sterling has weakened to almost 10% below where it started the year against the euro and 7% below the US dollar. The cause of the latest fall is Brexit, and the apparent view of the government that an…
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The dollar continues to benefit from its ‘safe-haven’ status, due to worries about rising infection rates in some US states, however, it has slightly weaker this morning. Infection rates have cast doubts over whether the US economy can…
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The euro is strong this morning ahead of a meeting between German Chancellor, Angela Merkel and French President, Emmanuel Macron. They are expected to discuss the recovery fund for the Eurozone, which still needs to be agreed upon.
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