by Christopher Nye | Jul 21, 2021
The pound has fallen for five days against the euro, mainly due to a drop in the markets, which has been sparked by concerns over the Delta variant. The pound tends to move in tandem with the markets in situations such as this and weakens against ‘safe-haven’...
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by Christopher Nye | Jul 21, 2021
The pound is still weak against the dollar this morning and has fallen for five days against the euro. This is due to concerns over the Delta variant and a fall in the global markets – a situation when safe-haven currencies typically benefit, and sterling weakens. The...
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by Christopher Nye | Jul 20, 2021
The dollar had a stellar day yesterday, strengthening against all major currencies and extending its strength against commodity-backed currencies like the Canadian and Australian dollars and Norwegian krone to around 2% over the week and against sterling to just over...
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by Christopher Nye | Jul 20, 2021
The single currency enjoyed a broadly positive day, strengthening against all but the US dollar yesterday and extending its lead on the week to nearly 1.25% against the pound. It continues to benefit, like the US dollar, from worries over a new phase to the pandemic,...
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by Christopher Nye | Jul 20, 2021
The pound was routed by virtually all major currencies yesterday, with losses across the week of over 1% against the euro, US dollar and Swiss franc. The main reason for the decline is concern that the UK economy is unlikely to bounce back as quickly as hoped for by...
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