by Christopher Nye | Jan 4, 2022
Sterling starts on the upswing, hovering around its best rate for the past year, as fears over the Omicron variant of Covid-19 dissipate and the markets look forward to more interest rate rises this year. Sterling has gained well over 7% over the course of the year to...
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by Christopher Nye | Dec 31, 2021
The euro is still weaker this morning due to a lack of eurozone data and markets continuing to favour the pound and dollar. As we head into 2022, the euro could continue to suffer from the divergence in monetary policy between the European Central Bank and that of the...
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by Christopher Nye | Dec 31, 2021
The pound is trading at a 2021 high against the euro and around monthly highs against the dollar. Soaring Covid cases and increased restrictions in Europe have given sterling the edge against the single currency. In addition, markets are widely anticipating another...
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by Christopher Nye | Dec 31, 2021
On the final day of the year, sterling is trading at its highest level in 2021 against the euro and is also strong against the dollar. The UK’s vaccination programme, hailed “heroic” by the Prime Minister, has led investors to favour the pound as countries around the...
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by Christopher Nye | Dec 31, 2021
The dollar is still strong against the euro following positive jobs data. Weekly jobless claims in the US fell to a 52-year low of 198,000 while continuing claims also fell to the lowest level since before the pandemic. This data indicates that the US labour market is...
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