by Charles Purdy | Apr 7, 2022
After strengthening at the beginning of this week, the pound is still stronger against the euro this morning. It is slightly weaker against the dollar, however. The UK increased its sanctions on Russia this week, which included an asset freeze on the Kremlin’s largest...
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by Charles Purdy | Apr 7, 2022
The euro is still weak against the pound and the dollar this morning. A fifth round of European Union sanctions on Russia could be approved today, which will include a ban on coal imports. In President Zelensky’s video address this morning, he called for tougher...
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by Charles Purdy | Apr 6, 2022
The dollar strengthened against a basket of currencies yesterday due to increase expectations of aggressive monetary policy tightening from the Federal Reserve. Speaking yesterday, Federal Reserve Governor Lael Brainard said that interest rates should be hiked, and...
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by Charles Purdy | Apr 6, 2022
The euro has weakened since the beginning of the week due to news of increased sanctions on Russia and the ongoing war. As the war continues, the risk of a recession in Europe grows stronger and it could be said that the European Central Bank are under pressure to...
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by Charles Purdy | Apr 6, 2022
The pound is still stronger against the euro this morning but has weakened slightly against the dollar. Bank of England official, Sir Jon Cunliffe, spoke at the beginning of the week on inflation. He said that worries over 1970s-style inflation were overblown, and...
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