The pound reached one-week highs against both the euro and the dollar yesterday, as optimism surrounding the effectiveness of lockdown measures increased. However, sterling is weaker this morning. As we have seen recently, it is moving with market…
Read more
›
After a strong day yesterday sterling is slightly weaker this morning, possibly due to negative global market movements and warnings from the UK’s tax and spending watchdog that coronavirus could lead to the economy shrinking by as much…
Read more
›
The dollar remains under pressure this morning as improved market sentiment continues. Chinese trade data painted a better picture of the economy than expected and the number of daily fatalities in the US has fallen.
Read more
›
The euro reached a four-week low against sterling on Thursday, after European leaders failed to come to agreement over financial rescue package options for the Eurozone amid the coronavirus crisis. After a series of long discussions, a last-minute package…
Read more
›
The pound ended last week in a firm position against the euro and reaching a one week high against the dollar, and it remains stronger this morning. This comes amidst an ongoing improvement in global markets and news…
Read more
›
The pound reached a four-week high against the euro towards the end of last week, with the latter weakening as European finance ministers failed to find common ground in their discussions on coronavirus rescue package options. Sterling remains…
Read more
›
The dollar was strong yesterday as optimism surrounding the coronavirus crisis faded somewhat. News that the virus may be reaching its ‘peak’ increased investor concerns.
Read more
›
Yesterday’s Eurogroup meeting to discuss coronavirus economic rescue strategies showed little progress, according to media reports. While finance ministers are agreed to the principle of doing something, how that will look is proving difficult. Yesterday’s sixteen-hour meeting came…
Read more
›
