Market Update


Market Update

The British pound slipped as risk aversion swept through markets, boosting the safe-haven appeal of the U.S. dollar as upbeat Chinese growth data failed to lift sentiment. Against the dollar, the pound slipped a quarter of a percent to $1.2556, even though data showed the slide in Britain’s jobs market eased in June. We still […]

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Market Update

Sterling was steady this morning, a day after hitting three-week highs against both the dollar and euro, ahead of expected British moves to prevent a full-blown unemployment crisis. In his new budget speech, due at 1130 GMT, British finance minister Rishi Sunak is expected to include a 2 billion-pound fund to create six-month work placement […]

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Market Update

Sterling retreated against a broadly firmer dollar, as investors awaited confirmation of the government’s spending plans to lift an economy that posted its biggest contraction in 40 years in early-2020. The pound is already under pressure from fears that Britain will fail to clinch a trade deal with the European Union by the end-2020 deadline. […]

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Market Update

Sterling rose slightly but remained under the $1.25 mark after hitting almost three-week lows as retail sales rebounded in May more strongly than hoped with the country gradually relaxing its coronavirus lockdown. British retail sales jumped 12% last month after a historic 18% slump in April, official data showed. Consumer confidence figures for May were […]

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Market Update

Sterling dipped against the dollar and euro as some investors braced for a larger-than-expected increase in the Bank of England’s quantitative easing programme to combat the economic fallout of the COVID-19 pandemic. The BoE, which meets later today, is expected to build up its war-chest for fighting the crisis by announcing an increase of at […]

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Market Update

Sterling has dropped slightly after data showed inflation fell to its lowest level since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and caused oil prices to tumble. Low inflation would give the Bank of England space to ramp up its stimulus programme again when its policymakers meet on […]

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Market Update

Sterling sank against the dollar and euro as fears of a second wave of coronavirus hit risk sentiment and global markets, with investors also nervous ahead of a key meeting on Brexit negotiations. A fresh coronavirus outbreak in China and rising infection numbers in the United States – even as major economies have begun lifting […]

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Market Update

The pound rose against a broadly weaker dollar in early this morning as Britain eased some lockdown restrictions, but the market’s net short position on sterling is the largest in more than five months. New rules designed to ease the lockdown in England came into force today, even though scientists warned that, in the absence […]

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Market Update

The pound was flat against the dollar and euro in early London trading, near the lows reached the days before on reports that Brexit talks are at an impasse. Sterling fell 1% after Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the […]

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Market Update

Sterling edged up against the U.S. dollar but fell versus the euro as clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four years. The drop in inflation fuelled speculation that the Bank of England (BoE) would cut interest rates below zero to bolster an economy hammered by […]

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