The dollar remained strong yesterday, as risk appetite was subdued due to the US-Iran crisis. However, it weakened again overnight following retaliation from Iran, which involved firing a series of rockets at two US-Iraqi airbases. Iran said that…
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Euro has started the day a little weaker against the pound, after a brief upward movement following positive retail sales data. Both monthly and yearly figures came in much better than expected, particularly helped by clothing, electronics and…
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The pound is strong against the euro and the dollar this morning, as the greenback weakened due to rising tensions in the Middle East. MPs returned to Parliament yesterday to start three days of debate on the Prime…
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Brexit developments are picking up speed again, with MPs on the second day of debating the Withdrawal Bill in Parliament, expected to pass through relatively easily. As a consequence, the pound is currently strong against the euro. Today,…
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The pound had what we tend to call a “choppy” day yesterday; sharply up, sharply down, but basically going nowhere, and pretty chipper compared to most of the past three years. Against the dollar, the general view seems…
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The dollar was weaker against the pound and the euro yesterday, but is stronger this morning as Iran designated the US military a terrorist organisation. Iran has also said that it is considering up to 13 retaliation scenarios.
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Although the euro weakened slightly against the pound yesterday, investors are still feeling positive about its prospects, with confidence reaching a more-than-twelve-month high after three months of growth. That said, the figure is not astronomically high in itself,…
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The pound strengthened yesterday on the back of positive Services PMI data, which was revised higher to 50, bringing the figure out of contraction territory. The boost also occurred as investors returned to sterling after opting for safe-haven…
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