by Christopher Nye | Aug 19, 2021
The euro fell to its weakest level since November against the dollar yesterday, due to dollar strength and the prospect of prolonged monetary stimulus from the European Central Bank. Unlike the Bank of England and the Federal Reserve, the European Central Bank has...
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by Christopher Nye | Aug 19, 2021
The pound is trading around the same levels against the euro this morning but is weaker against the dollar. It is thought that the pound will continue to strengthen against the euro in the long run due to the divergence between the actions of the Bank of England and...
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by Christopher Nye | Aug 19, 2021
The pound is trading around similar levels against the euro this morning but is weaker against the dollar. Minutes from the Federal Reserve’s latest meeting were published yesterday, which showed that there is growing support amongst officials to taper monetary...
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by Christopher Nye | Aug 18, 2021
The dollar strengthened throughout the course of yesterday against the pound, euro and other currencies due to its status as a ‘safe-haven’ currency. The USD tends to benefit when market sentiment falls, so growing concerns about COVID-19, reports of economic slowdown...
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by Christopher Nye | Aug 18, 2021
The euro is weaker against the dollar this morning due to strength from the greenback. GDP and employment figures were released for the Eurozone yesterday. The data showed that the Eurozone economy grew 2% quarter-on-quarter in the second quarter of this year,...
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