The euro ended yesterday weaker against the pound after data releases showed business sentiment to be much lower than expected. Nonetheless, UK GDP figures released today show that yearly growth slowed further to almost 1%, while quarterly growth…
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After its worst week against the pound since 2009, the dollar is stronger this morning after a weekend of worrying coronavirus news. President Trump, who had initially talked of easing social restrictions, has now extended the period until…
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It was a choppy week for euro last week, beginning in a position of strength against the pound but ending weaker as the ECB’s economic bulletin warned of slow recovery for the eurozone economy. This morning, however, the…
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Sterling was strong against both the euro and the dollar at the end of last week, going against its recent trend of dropping as the markets fall. However, the pound is slightly weaker this morning after UK's sovereign debt…
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The pound rallied against the euro and dollar, hitting the best week against the latter since 2009. Nonetheless, it remains vulnerable to further coronavirus developments and is slightly weaker this morning. There are a number of key data…
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The recovery in the pound at the end of last week took the markets by surprise. Over the past three weeks the pound has weakened by around 10 to 15% against both EUR and USD, but then gained…
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The dollar remained weaker against the euro and the pound yesterday. The markets have stabilised slightly, partly due to a new stimulus package from the Federal Reserve.
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The ECB’s economic bulletin, released yesterday, warns of a ‘worsening outlook’ for the global economy as the coronavirus pandemic disrupts supply chains and economy activity. The Bank expects recovery this year to ‘gain only modest traction’. Predictions now…
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