The dollar was weaker yesterday as the global markets rallied due to optimism surrounding coronavirus infection rates. Italy reported its lowest death toll for more than two weeks, whilst France also has a slowing death toll and Germany…
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It’s been a mixed start to the week for the euro, with a slight downtick against sterling and a choppy pattern against the dollar. Poor construction data this morning has not helped, although German factory orders did not…
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Sterling has dipped this morning after Boris Johnson, admitted to hospital on Sunday, was taken into intensive care. Before the news broke, the pound was mostly stronger yesterday against both the euro and the dollar. This strength came…
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The dollar was in a strong position at the end of last week, despite non-farm payrolls coming in much worse than expected at -701,000 for March, halting a decade of jobs growth in the US. It could be…
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After a week of losing ground to the pound, the euro ended on a slightly higher note against sterling. It was given a slight boost by better-than-expected retail sales on Friday, after a morning of disappointing services and…
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Sterling weakened against both the euro and the dollar on Friday, as PMI data showed that the Services and Manufacturing industries slumped to a record low. The final composite Purchasing Managers’ Index covering the two sectors fell to…
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The pound started this week in the early morning down against the dollar and euro, although it appears to be regaining some ground. Poor economic data, with services and manufacturing PMIs showing record lows, put pressure on sterling…
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If anything could be said to have had done well in the past couple of weeks, the pound has. It recovered around 8% by Friday against the euro. Against the US dollar, although the gains from two weeks…
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