Today Michael Brown, currency expert at international payments and foreign exchange firm Caxton FX, spoke to Express.co.uk about the latest exchange rate figures this morning.
Brown said: Sterling, after notching fresh six week highs, pulled back a touch against the common currency yesterday, with the market appearing rather rudderless on the whole once more. It should be a rather quiet end to the week for the cross, with consolidation the likely theme.”
There has been a lack of impetus in the market for growth, Mr Brown explained yesterday.
Pound increases against the euro in exchange rate
At the time he told Express.co.uk: Sterling notched fresh six week highs against the common currency yesterday morning, though couldn’t extend gains amid a lack of fresh impetus to give the bulls control.
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George Vessey, UK Currency Strategist, Western Union Business Solutions, shared his insight on the shaky start to 2021.
“Choppy currency markets yesterday highlighted the uncertain outlook for the year ahead as investors weigh up the race between the vaccine rollout and the spreading COVID-19 virus, he said. Vaccines have illuminated the path to an economic recovery, which is why risk appetite remains upbeat and global stocks, commodities and emerging market currencies remain in high demand.
El dólar solidario bajó hasta los $150,20 elliberal.com.ar - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elliberal.com.ar Daily Mail and Mail on Sunday newspapers.
The U.S. dollar on Wednesday resumed its rebound from near three-week lows, rising broadly on hopes of higher government spending by President-elect Joe Biden's incoming administration and an ongoing economic recovery from the coronavirus crisis.