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A number of factors were behind the move higher in the single currency this week, plus an update on dollar and sterling.

A ‘risk on’ mode prevailed in financial markets sending the US dollar lower and global equity markets higher. Plus, find out the pound's reaction to the Bank of England's comments and the latest unemployment figures.

Ebury announces the launch of Ebury Instant’ an immediate payment and collection service for its clients

While the dollar and the euro both rallied markets continued to be driven by the tension between dismal economic releases and the hopeful news of dropping coronavirus case numbers in most countries.

Another wave of risk aversion swept through the foreign exchange market again on Wednesday, causing investors to favour the safe-haven US dollar at the expense of most other major currencies.

The US dollar eased against its major peers yesterday amid a decline in inflation data and jitters ahead of a speech by Federal Reserve Chair Jerome Powell later today.

Sterling fell sharply after the Prime Minister’s announcement that lockdown measures will begin to be eased in the UK caused confusion among some sections of the population.

A risk-on mode prevailed in the currency markets last week, despite Friday's disastrous US labour report. Focus this week will be on how the latest virus numbers respond to gradually easing lockdown measures around the developed world.

An update on how Ebury have been keeping in touch with its employees and the recent feedback with lockdown measures starting to ease

Ebury has been accredited to offer loans to hundreds of UK SMEs through the Government's Coronavirus Business Interruption Loan Scheme