Market Update


Market Update

Sterling edged lower this morning and was set for its fifth consecutive daily decline versus the dollar and Euro amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The government said that while cases are rising, hospitalisations and deaths remained low. Confusion on the removal […]

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Market Update

The pound has steadied against major currencies this morning after hitting a week’s high against the dollar and a 12-day high against the euro this week as Britain set out reopening plans following the COVID-19 pandemic. Sterling had found support this week on British Prime Minister Boris Johnson’s plans to COVID-19 restrictions in England in […]

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Market Update

The pound nudged higher this morning with the British government expected to announce it will proceed with plans to fully reopen the economy later this month despite a surge in COVID-19 cases. After falling to its lowest level since mid-April at $1.3733 last week, the pound was 0.1% higher against the dollar at $1.3852 by […]

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Market Update

The British pound is slightly lower this morning as investors waited to hear whether Britain and European Union will agree to extend an exemption on customs checks on chilled meat shipments to Northern Ireland. The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end […]

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Market Update

The UK’s economic recovery has recently been overshadowed by new Covid variants leading to a rise in infections, with a daily high of 3,000 cases for the first time since Mid-April. Prompting questions over the further easing of government restrictions on June 21st. UK inflation beat expectations in April, improving by 1.5% largely due to […]

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Market Update

This week has been a quiet week on the economic front for Sterling, however the positive outlook for The UK keeps improving with Covid cases and deaths continuing to drop due to the steady vaccination rollout. This sentiment was further strengthened with the announcement that The UK has secured an extra 60 million Pfizer doses […]

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Market Update

UK Consumer confidence for the UK has reached its peak since Covid-19 restriction have been put in place. Following suit, consumer spending has now breached pre-pandemic levels. Will this economy continue to rebound? Retail footfall, namely public transport, pubs, restaurants have recovered over the past couple of weeks which could continue to recover further as […]

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Market Update

The British Pound came under  pressure against the Euro this morning; declining more than 2% in April alone. However, a still-positive technical setup and solid underlying fundamentals which could encourage a recovery in the near-term. There was no discernible news to pin the declines on, but more and more analysts are awaking to the prospect […]

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