The dollar is near a one-week low against a basket of currencies this morning, as US-China trade tensions escalate. China has threatened more countermeasures over the weekend and the US have declared that they will be extending their…
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The Euro is under pressure this morning as it awaits the outcome of the ECB’s rate decision on Thursday, expected to be held in negative territory amid poor growth outlooks.
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Sterling is in positive territory against both the dollar and the euro this morning, but remains choppy. Despite benefitting from the weakness of the greenback and the single currency, the pound remains at the mercy of Brexit uncertainty…
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The pound is up against both the euro and dollar this morning, as concerns about this week’s rate decision from the European Central Bank the EU and worries over US-China trade tensions in America keep both low.
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The dollar has started the morning on a choppy note, possible due to Trump’s tweet yesterday. He stated that the US will impose a 5% tariff to all goods coming into the country from Mexico, on the 10th…
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The euro is low but relatively stable this morning, as fears over the Italian economy in particular continue to put on pressure. Reaction to the Italian yearly GDP figures, coming in at -0.1% – rather than the 0.1%…
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The pound fell to its lowest rate since January yesterday and is choppy this morning. This drop was an extension of its recent losses due to the possibility of the new Prime Minister advocating a no-deal Brexit scenario.
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Uncertainty over Theresa May’s successor – with twelve candidates for Tory leadership – is helping to put pressure on the pound, pushing it down to its lowest level since January. Meanwhile, fears over the Italian budget crisis are…
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