Waiting and wondering was the story for sterling this week. And although it took a distant fourth place behind the US dollar and Japanese yen, the pound was only narrowly beaten by the Canadian dollar and strengthened by an average…
The dollar was by far the week’s strongest performer, rising an average of 4.8% against the other major currencies To a great extent the rush for the dollar is a reflection of the huge uncertainty posed by the pandemic. Despite…
The euro started the week relatively well as investors considered it might be a safe haven, but retreated as the days passed. EU finance ministers pledged to take action, but the meeting did not yield any concrete steps and the…
As EU and UK top brass agree that a Brexit deal is achievable ahead of the deadline at the end of the month, the exchange rate from sterling to euros is higher than we’ve seen in months at £1.149 to…
Mar Bonnin-Palmer makes sure you don’t get caught out by post-Brexit swings in the currency market – and secure a competitive exchange rate. Q: Do I really need to use a currency broker? Entrusting your money to a…
The pound continues to make steady gains against the euro as Italy’s budget dilemma continues after the EU revealed its plans to increase spending, adding to its already massive debt pile of some 130% of the GDP. The pound’s…
Tensions are rising within the UK Government and doubts are persisting over Prime Minster Theresa May’s ability to deliver Brexit. In early July, following the much hyped Chequers away day, a supposed ‘soft Brexit’ plan had been proposed by Prime…
