Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 7, 2020
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The pound rose against the dollar and euro after the Bank of England held rates steady and announced no further stimulus, as expected, and suggested Britain’s economy could bounce back by 15% in 2021. The Bank of England said it was ready to take fresh action to counter the coronavirus hammering which could cause the […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 6, 2020
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The pound recovered some losses against the dollar in early trading and rose against the euro, as investors grappled with the pound’s downside risks before the Bank of England’s meeting on Thursday. The UK has overtaken Italy to report Europe’s highest official death toll from COVID-19, the disease caused by the new coronavirus, data on […]
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- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 5, 2020
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Sterling gained as demand eased for U.S. dollars, allowing the pound to recover some of its 1.5% loss this month. The pound ended April up 1.4% against the dollar on the month, benefiting from seasonal factors such as the start of the UK tax year as well as corporate dividend repatriation flows. Risk appetite improved […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 14, 2020
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Sterling rose to one-month highs versus the dollar and euro today, as hopes lockdowns may be slowing the spread of the coronavirus pandemic strengthened currencies seen as riskier bets. The pound has benefited from improved risk sentiment this month as some economies consider reopening and their coronavirus cases slow, even as experts warn Britain may […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2020
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Sterling has recovered from considerable losses that it suffered from earlier in the month which coincided with the global effect that COVID-19 has placed on the world’s economy. With the virus taking its toll on the UK with 14,000 cases and more than 1,000 deaths, it’s hard to currently see that reaching an agreement with […]
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- Posted by currencies in Bank of England, coronavirus, Sterling, UK, Uncategorised
- March 30, 2020
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Sterling finished last week gaining its biggest surge against The Dollar in over a decade, with the U.S now overtaking Spain, Italy, France & China with over 130,000 confirmed cases to reach mid-1.24. Economic chaos also saw the U.S record it’s biggest ever figures for Jobless Claims, climbing well above 3 million. Moving forward, further […]
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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 27, 2020
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Sterling is on track for its biggest daily gain in three years, rebounding more than 2% as grim U.S. unemployment data weakened the dollar across the board. The pound is trading above $1.21, after falling as low as $1.14 last week, levels not seen since 1985. It is heading for its best week since 2009, […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 26, 2020
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The US Senate voted unanimously to approve to $2 trillion stimulus package to combat the economic impact of Covid-19. It includes business loans and direct payments to individuals. The House of Representatives is scheduled to vote on it on Friday. Market reaction was limited, as risk assets had already rallied in anticipation. Official UK February […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 24, 2020
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On Monday, ahead of opening, the US federal reserve announced its largest-ever quantitative easing programme. Just eight days ago, they announced that they would pump an additional $700bn into the markets which they have already burned through. As a result, they have introduced an open-ended QE programme in which they will be purchasing unlimited treasuries […]
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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Home, Inflation, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 23, 2020
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The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese Yen. The worst punishment was meted […]
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