Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2021
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Last week the Pound saw a drop in its value against the Euro due to traders switching their attention from Brexit back to UK fundamentals where sentiment has taken a blow following the announcement of a third lockdown across the UK. Thus, making the GBP the worse performing currency of 2021 when it dropped to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, Prime Minister, UK, Uncategorised
- January 8, 2021
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The UK and GBP have had an eventful start to 2021; with the UK-EU trade deal having been agreed, a third lockdown imposed and an optimistic rollout plan for vaccines to aid with ongoing battle against Covid-19. Gains seen from the agreement of a Brexit deal for the GBP were short-lived as the economic impacts […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 7, 2021
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GBP has recovered it’s overnight losses against The US Dollar with the confirmation of Joe Biden as The US President. It is strongly believed that Biden’s policies around The U.S Budget and Trade deficit will lay heavily on The U.S Dollar in the near term. Sterling has failed to rally against The EUR since The […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 6, 2021
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Sterling edged higher for a second consecutive session as the U.S. dollar weakened after Democrats took the lead in runoff votes that will determine control of the U.S. Senate. Market watchers believe a Democrat-controlled Senate would help economic growth globally and thus riskier assets but drag down bonds and the dollar as the U.S. budget […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 5, 2021
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Britain began its third COVID-19 lockdown with citizens under orders to stay at home and the government calling for one last major national effort to contain the virus before mass vaccinations turn the tide. Prime Minister Boris Johnson announced the lockdown late on Monday saying the highly contagious new coronavirus variant first identified in Britain […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 24, 2020
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Sterling extended gains this morning and appears set for another push higher as traders waited confirmation that Britain and the European Union had finally clinched a deal to govern their trading relationship when the Brexit transition ends on Dec. 31. There is yet no official confirmation of a deal, but sources say a deal is […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 17, 2020
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Positive soundings from the European Union on Brexit talks helped lift the British pound above $1.35 and to its highest level against the dollar since May 2018. The EU’s chief executive said she could not say if there would be a trade deal with Britain but there had been progress and the next few days […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- December 15, 2020
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The pound stabilised after Monday’s sharp rebound as market participants grew more optimistic about the chances of a Brexit deal, but implied volatility gauges pointed to further price swings ahead as the Dec. 31 Brexit deadline approaches. Sterling dropped to as low as $1.3135 last Friday and implied volatility surged to its highest since March, […]
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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 30, 2020
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Sterling hovered above $1.33 as traders clung to hopes that Britain and the European Union would soon seal a long-awaited Brexit trade deal, even as the clock ticked down on the Brexit transition period. The United Kingdom exits the EU’s orbit on Dec. 31 and both sides are demanding concessions from the other on fishing, […]
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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Sterling, UK, Uncategorised
- October 23, 2020
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Sterling edged up in trading this morning, set for a weekly gain against the dollar and euro, as Britain and the European Union entered intense negotiations to reach a last-minute Brexit trade deal. The pound had its best day in seven months on Wednesday, surging 1.7% against the dollar, when Britain and the EU said […]
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