Pound undermined by restriction uncertainty
The pound got off to a poor start this week as uncertainty over the UK’s Covid situation and the possibility of stricter restrictions weighed on the c
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The pound got off to a poor start this week as uncertainty over the UK’s Covid situation and the possibility of stricter restrictions weighed on the c
The euro initially stumbled last week as the single currency’s negative correlation with the US dollar left it vulnerable as the latter strengthened.
The pound ticked lower on Friday as gloomy Covid headlines from the UK unnerved GBP investors.
The pound enjoyed strong support on Thursday, following the Bank of England’s (BoE) shock decision to raise interest rates.
The euro (EUR) tumbled in mid-November amid worrying eurozone trade data and Covid concerns. Austria announced a new national lockdown while Germany,
The US dollar fell back on Wednesday, in response to the Federal Reserve’s latest forward guidance.
The US dollar was mostly rangebound on Tuesday as markets awaited the conclusion of the Federal Reserve’s December policy meeting later this evening.
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