Sterling has weakened this morning and has reversed some of Friday’s gains. This appears to have happened as the Labour Party accused the Prime Minister of leaking the details of their potential compromise and therefore jeopardising talks.
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After reaching a one-month high on Friday, Sterling appears to have weakened today as it continues to be governed by the latest developments in cross-party Brexit talks. The dollar has kept to a tight range ahead of a…
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The greenback was strong against most major currencies yesterday and continues to edge higher, as it gained on the back of Federal Reserve Chairman Jerome Powell’s comments on inflation. He said that the factors dragging on inflation might…
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It’s been a good end to the week so far for the euro, with major manufacturing PMI releases all almost reaching or exceeding expectations, from Spain, France, Germany and the Eurozone as a whole. The euro strengthened slightly…
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Sterling weakened from its two-week high after the Bank of England voted to keep interest rates steady. They also warned that Brexit could continue to cloud the outlook for monetary policy, stating that the pound ‘takes its orders…
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Strong manufacturing data yesterday from most of the main eurozone economies helped to boost the euro, while a Bank of England vote to keep interest rates steady put downward pressure on the pound.
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The dollar has strengthened slightly this morning on the back of the Federal Reserve’s comments on interest rates. Fed Chair Jerome Powell stated that there won’t be cuts or hikes to interest rates any time soon. It seems…
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Euro was trading higher yesterday on positive expectations for Eurozone PMI releases this morning, which have just come in even above expectations, at 47.9. German PMI, however, did fall just one point short of market forecasts.
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