The British Pound's sell-off extends into the midweek session and sees the currency record a new six-week low against the U.S. Dollar and a two-week low against the Euro. Investors turn increasingly pessimistic about the global economic outlook. However, some analysts we follow says the Pound should ultimately remain well-supported thanks to the country's vaccine rollout … [Read more...] about Pound Sterling Decreases to Six-Week Lows, a Turn in Trend Against Euro and US Dollar
Europe’s Virus-Stricken Economy Shows Dark Outlook
Economists are cutting growth forecasts for the eurozone economy as a third wave of Covid-19 infections and vaccination delays spur tighter restrictions in several countries, including France, Italy, and Germany. Europe's Economy Looking Grim The reintroduction of lockdown measures across Europe is fuelling concerns. The region could suffer another disappointing summer season … [Read more...] about Europe’s Virus-Stricken Economy Shows Dark Outlook
Vaccine Rollout Could Affect Pound Sterling and Euro, US Dollars Expected to Thrive
According to several analysts, the British Pound and Euro would likely be losers in a spat over vaccines between the EU and UK, with the U.S. Dollar likely to benefit. Vaccines matter for the Pound, which analysts say has benefited from the UK's rapid vaccine rollout over recent weeks, and in the first half of March, it held the crown as 2021's best-performing … [Read more...] about Vaccine Rollout Could Affect Pound Sterling and Euro, US Dollars Expected to Thrive
Pound Sterling and Euro Forecast as 1.17 Possible for Pound to Euro Exchange Rate Buyers Next Week
Despite a lack of surprising upside developments in the Pound outlook, the British Pound to Euro (GBP/EUR) exchange rate continues to test new highs. Towards the end of last week, the pair was once again trending near its best levels in over a year. Investors have little reason to buy the Euro as the Eurozone’s coronavirus lockdown woes continue, but strong Eurozone data … [Read more...] about Pound Sterling and Euro Forecast as 1.17 Possible for Pound to Euro Exchange Rate Buyers Next Week
Italy’s Economy is Scrambling to Catch Up Due to the Pandemic
Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic. But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing the money on a technological revamp of its business. Already facing a longer-term switch to electric transport, … [Read more...] about Italy’s Economy is Scrambling to Catch Up Due to the Pandemic