Sterling is again moving in tandem with the stock market, weakening against the euro and dollar. Today’s industrial production figures showed continuing weakness in the sector, although there are hopes of a slow recovery. In the Eurozone, there…
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The dollar is gathering some strength this morning as investors opt for safe-haven currencies. This has come about due to fears of a second COVID-19 wave, which have been fuelled by the US reporting more than 2 million coronavirus…
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After the Federal Reserve’s decision on interest rates yesterday evening, the pound initially strengthened against the dollar. However, sterling is weaker this morning against both the euro and the dollar, possibly due to a fall in the stock…
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Federal Reserve officials expressed that there is a 'long road to recovery' ahead for the US economy, and that interest rates may stay at zero until the end of 2021. Fed Chair, Jerome Powell, suggested that it would…
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The euro has had a choppy start to the day against the pound, given a small boost earlier by comments from the ECB’s Luis de Guindos that the Eurozone economy is likely to have ‘bottomed out’ in April…
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The pound is weaker against both the euro and the dollar this morning, after hitting a three-month high against the greenback earlier in the week. This is possibly due to a drop in the stock markets after the…
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As several countries are now emerging from lockdown, demand for the safe haven dollar has fallen, causing the greenback to weaken. Today, the dollar could be impacted by both core inflation data and the Federal Reserve’s interest rate…
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The euro gained against the pound yesterday after the former weakened on a change in the stock markets. European GDP figures yesterday came in low, showing a yearly contraction of 3.6%, but this seems to have largely been…
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