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Pound stronger against euro, weaker against dollar

The pound has retained its strength against the euro but is still weaker against the dollar this morning. Recession fears continue to weigh on the euro as gas prices surge, Europe’s energy crisis continues, and stagflation worries increase. The dollar, meanwhile, is...


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USD: Dollar strong as recession fears weigh

The dollar is strong against most currencies this morning, benefitting from its safe-haven status as fears of a global recession set in. Its strength could be tested by the release of FOMC meeting minutes later, however, which will provide more clarity on the Federal...


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EUR: Euro suffering due to economic worries

The euro weakened to a two-decade low against the dollar yesterday and is still trading around the same levels this morning. This is due to a surge in natural gas prices, worries about gas supplies, poor economic data and general concern over the health of the...


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GBP: Pound falls to 2-year low against dollar

The pound is stronger against the euro and weakened to a two-year low against the dollar this morning. As the gas crisis in Europe worsens, the pound is falling against the dollar, but has managed to retain its strength against the euro. Although the full affect of...


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Dollar dominates as recession fears set in

The dollar is strong across the board this morning, reaching a two-year high against the pound and trading around a two decade high against the euro. It is benefitting from its status as a safe-haven currency as fears of a global recession increase. Rising gas prices...


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