by Christopher Nye | Jul 12, 2021
The euro strengthened against the dollar at the end of last week following a change of stance from the European Central Bank. It announced that it would tolerate inflation above 2%, which is a shift from its previous target of ‘just below’ 2%. This week, inflation...
read more
by Christopher Nye | Jul 12, 2021
The pound was weaker at the end of last week due to disappointing GDP figures, which came out on Friday morning. Industrial production released on Friday also missed expectations. However, it has found some strength against the euro and the dollar this morning. Many...
read more
by Christopher Nye | Jul 12, 2021
After weakening slightly on Friday due to disappointing GDP figures, the pound has strengthened this morning and is trading near three-month highs against the euro. This comes ahead of inflation rate data and employment figures, which will be released for the UK on...
read more
by Christopher Nye | Jul 9, 2021
The dollar is strong against the pound and a basket of other currencies, benefitting from its status as a safe haven currency. This is due to concerns over global economic recovery as COVID-19 cases rise again. San Francisco Federal Reserve President, Mary Daly, said...
read more
by Christopher Nye | Jul 9, 2021
The euro has strengthened against the pound and the dollar this morning, due to a change of tact from the European Central Bank. After its strategy review yesterday, the ECB said it will now tolerate levels of inflation above 2%. This is a shift away from its...
read more
