Sterling Drops To 4 Month Lows


Pound Continues To Fall

Sterling suffered more losses after Boris Johnson pushed The EU back stating The UK were prepared to walk away from Trade Talks in June if enough progress wasn’t made. These comments came after Brussels warned the UK, they faced a tough road ahead. With Trade Talks set to start Monday, there a few key areas […]

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Pound Plummets

GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price in a Bank of England rate cut in the coming months. The government could now put off plans to increase its spending due to uncertainty […]

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Market Update

Sterling rebounded towards the end of last week due to better than expected Retail Sales in January. The main factor behind the increase was the horrendous weather in the UK most likely prompting consumers to panic buy essentials. Moving forward this could contribute to an improvement in UK Inflation figures which is a key focus […]

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Market Update

Pound Sterling has dropped to a three month low against the Greenback on Thursday as the U.S. currency’s has out performed undoing the recent pound gains that were driven by the appointment of a new British finance minister Rishi Sunak. Since the high of 1.3070 after the appointment of Sunak the pound has now lost […]

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Market Update

The Pound has retraced against the Euro proving that the rate is uncomfortable above 1.20 against the Euro and 1.30 against the USD. Due to ongoing concerns that the EU and the UK are moving further apart within the trade talks. Many analysts have mentioned that we cannot rule out a no-deal Brexit by the […]

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Market Update

This morning’s main data release is UK CPI inflation for January. The previous month saw an unexpected fall to 1.3%, the lowest for three years, which had fuelled expectations of a near-term BoE rate cut. The predictions are a rebound to at least 1.6% last month, thanks to energy prices as a result of: (i) […]

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Market Update

The number of people in work in Britain rose in the last three months of 2019, according to data which underscored how the labour market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the top end of forecasts in […]

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Pound Soars After Cabinet Reshuffle

British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack his advisers and replace them with officials from Johnson’s Downing Street office. The currency climbed to as high as GBP/USD 1.3069, up from around 1.2988 before the news was released. Also, against the Euro the pound […]

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What's Going On?

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