The pound seems to be ending the week on a positive note, hitting a three-week high against the euro. The lack of agreement in the eurozone over its response to the coronavirus crisis proved a boon for sterling,…
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The dollar remained strong yesterday, despite jobless claims coming in at a record breaking high. Data showed initial claims for unemployment benefits rose to 6.65 million in the latest week from an unrevised 3.3 million the previous week.…
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Uncertainty over the European Union’s response to coronavirus has helped push the single currency down to almost a three-week low against the pound. Disagreement over the so-called ‘coronabonds’ between many southern European states and German, the Netherlands, Austria…
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The pound continued to gain against the euro yesterday, hitting a three-week high as the single currency suffered due to the eurozone’s fractured response to the coronavirus. Sterling was also given a boost because of improved risk sentiment,…
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Virus worries continue to fuel the dollar, with manufacturing PMI data for various countries showing a decline yesterday. The US’s manufacturing figure also fell into contraction territory, coming in lower than expected at 48.5.
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The euro is weak against the pound and the dollar this morning, as the markets begin to vent their frustration at the Eurozone's inability to adopt a united approach to fighting the economic damage caused by the coronavirus pandemic.
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The pound is strong against the euro and steady against the dollar this morning. The U.S. Federal Reserve launched another programme to pump more dollars into the world economy, which in turn benefits the UK's sizeable financial services…
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Sterling reached a two week high against the euro over the past 24 hours, benefitting from euro weakness and the ripple effect on the British financial services sector due to the US Federal Reserve’s latest stimulus programme.
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