| UPDATED: 10:58, Tue, Feb 2, 2021
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The pound to euro exchange rate has soared this morning, navigating well beyond the 1.13 mark. According to experts, the pound is performing well and holding its ground. This is in thanks, in part, to the success of the UK s Covid vaccination programme.
NEW YORK, Jan 28 Stocks fell around the world yesterday as investors turned more cautious over stretched valuations and the economic impact of the Covid-19 pandemic, while the dollar rose on its safe-haven appeal. Oil prices were little changed as demand concerns were mostly offset by a large.
4 Min Read
NEW YORK (Reuters) - Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal.
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford
Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories.
Stocks in the United States added to losses after the Federal Reserve left its key rate near zero and made no change to its monthly bond purchases, while flagging a potential slowdown in the pace of the economic recovery.
3 Min Read
NEW YORK (Reuters) - The dollar was boosted by safety buying on Wednesday as investors turned more cautious on worries about the economic impact of the COVID-19, and after the U.S. Federal Reserve expressed concerns about the pace of the economic recovery.
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won
Stocks and Treasury yields slipped while the safe-haven U.S. dollar drew buyers. [.N]
“There are a lot of concerns about the effectiveness of the vaccine roll out in the United States,” said Minh Trang, senior FX trader at Silicon Valley Bank. “Today is a solid risk-off day for sure.”