The pound had a boost yesterday from strong services data, as the figure showed the sector coming out of contraction. The uncertainty over the dollar amid an atmosphere of escalating tensions with Iran also saw more investors returning…
Read more
›
It was a bit of a bumpy end to the week for the dollar on Friday. Optimism over the upcoming phase one China trade deal helped to propel the dollar upwards earlier in the week, but concerns over…
Read more
›
The euro ended last week up against the pound, although data from last week was still showing a relatively mixed picture for the eurozone economy. Today, service PMI figures came in largely better than expected for the major…
Read more
›
Concerns over the UK’s future relationship with the EU are continuing to weigh on the pound, especially with just twelve months until the Brexit transition period is up. Fears that a trade deal would be impossible to achieve…
Read more
›
The pound is weaker against the euro this morning, due to worries over the possibility of the UK leaving the EU without a trade deal at the end of the year. This Wednesday, Boris Johnson and Ursula von…
Read more
›
Another year and once again politics has the potential to drastically change the value of your purchases abroad, unless you lock in your currency with a forward contract. Just as European politics – in the shape of Brexit…
Read more
›
The dollar was looking stronger throughout yesterday as it recovered from its year-end slump. US Manufacturing PMI for December was revised slightly lower to 52.4 and below the reading from this time last year, but remained within expansion…
Read more
›
Euro has started the day up against the pound, despite manufacturing PMI coming in lower than expected for the eurozone yesterday morning. Poor PMI data in the UK has helped the euro, as have individually stronger performances in…
Read more
›
