The Pound-to-Euro exchange rate reached a new two-year high last week. It will likely establish a more durable foothold above 1.17 over the coming days as a divergence between the UK and Eurozone economies remain top of mind among investors. UK Pound Ends Higher Against Counterparts Sterling ended the week higher against all major counterparts except the U.S. Dollar and … [Read more...] about Economic Divergence Keeps New Highs in the Market as UK Pound-Euro Forecast Revealed
UK Pound Got Massive Jump Against the Euro
The British Pound caught a bid against the Euro, Dollar, and other major currencies ahead of the weekend in a move that defied softer stock markets and concerns for future supplies of COVID-19 vaccines into the UK. The Pound saw an especially sizeable advance against the Euro on Thursday of three-quarters of a percent, as it recorded a high of 1.1674 and extended the gains … [Read more...] about UK Pound Got Massive Jump Against the Euro
BNY Mellon Says Euro Holdings is Extreme, Euro-Dollar Rate at Risk of Decline
Euro exchange rates could be teetering on the brink of a more notable shift lower as a growing new wave of covid-19 infections grip Eurozone countries, leaving the region's services sector at risk of permanent scarring. COVID-19 Infections Risk on Economy The rise in COVID infections will likely require governments to implement further restrictions that could hit sentiment … [Read more...] about BNY Mellon Says Euro Holdings is Extreme, Euro-Dollar Rate at Risk of Decline
Pound Sterling and Franc Forecasts Flag Scope for 1.35 in 2021
The Pound-to-Swiss Franc exchange rate was lower on Wednesday but remained the best performer of the Sterling currency complex for 2021 and has been increasingly tipped for further gains later in the year, including by Goldman Sachs, Barclays, BofA Global Research, and Natwest Markets. Pound Sterling vs. Franc Pound Sterling was under pressure as risk currencies were swept up … [Read more...] about Pound Sterling and Franc Forecasts Flag Scope for 1.35 in 2021
Italy Expects COVID-19 Lockdown to be Lifted in May, Economy Back on Track
Italy’s business lobby Confindustria said on Saturday, is expected to revise its growth estimate for the economy in 2021 despite a rebound projected from the second half of the year. A monthly report published by its research unit CSC said the rebound seen starting in the third quarter of the year would be strong and could exceed initial estimates if Italy’s COVID-19 … [Read more...] about Italy Expects COVID-19 Lockdown to be Lifted in May, Economy Back on Track