After a strong start to the week, the pound weakened slightly against the euro yesterday due to a drop in stocks. However, it has recovered this morning after an uplift in the equity market. As we’ve seen in…
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The pound lost some of the gains it made at the start of the week against the euro after a drop in the stock markets yesterday. However, it has recovered this morning, hitting a three-month high against the…
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The pound continued its recovery against the US dollar yesterday to a three-month high – and steadiness against the euro – despite the news that primary schools in the UK will be largely closed until September and secondary…
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The dollar was stronger against a basket of currencies yesterday due to optimism surrounding the coronavirus pandemic and positive employment data at the end of last week. There were also expectations that the US may react to China’s…
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The pound’s strength is helping to keep euro low, and today’s figures may also not help. GDP growth is expected later this morning to have declined by almost 4% quarter-on-quarter, after nearly all member states imposed strict lockdowns…
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The pound strengthened against the dollar yesterday due to signs that UK lockdown restrictions may soon be eased and that the economy may benefit from pent up demand. Sterling also mostly retained its recent strength against the euro. The…
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The pound was strong yesterday afternoon as optimism rose over the reopening of non-essential businesses from next week. However, it is slightly weaker this morning. Although Brexit talks have reached a stalemate, this seems to have been priced…
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The dollar strengthened at the end of last week as Non-Farm Payrolls came in better than expected. The US economy unexpectedly added 2.5 million jobs in May, the most on record, beating expectations of an 8 million cut.…
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