The pound recovered yesterday to its highest level for nearly three weeks, against both the euro and US dollar. The main reason appears to be the actions of the US Federal Reserve, pumping more dollars into the global…
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Despite weakening slightly against the pound, the dollar was still strong across the board yesterday and is still strong this morning as coronavirus worries continue.
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European manufacturing shrunk further over the last month, data released this morning showed. Given the circumstances, it is likely to have been priced in by the markets, but it’s still a concerning sign for economic recovery once the…
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Sterling finished the day in a stronger position against the euro yesterday and is still strong this morning. This could be partly due to talk of an extension to the Brexit transition period.
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The pound has started this morning up against the euro after speculation increased over the possibility of an extension to the Brexit trade talks by a year or a year and a half.
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The dollar rallied against major currencies yesterday, as concern about the spreading of coronavirus and the economic impact of shutdowns continued to dominate foreign exchange markets.
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Euro weakened against the pound yesterday after figures showed business confidence plummeted an unexpected 0.22 points, despite a forecast of a slight improvement, perhaps down to the European Central Bank’s stimulus programme. However, although the overall figure of…
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After starting the day in a weaker position, the pound strengthened throughout the course of yesterday, mainly due to euro weakness. This allowed sterling to build on gains made last week. However, the pound is slightly weaker this…
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