Market Update


Market Update

Last week we saw some strength in Sterling exchange rates with GBPEUR hitting 1.13 and GBPUSD hitting 1.3750 before pulling back at the end of the week. It seems that the “Vaccine trade” is in full force and with the UK’s so far fantastic rollout of the vaccine, there seems to be a lot of […]

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Market Update

GBP climbed against the Euro & US Dollar yesterday reaching 1.1324 and 1.3745 respectively, reaching a new 8 month high. The Pound remains well supported with a combination of rising global markets and a strong vaccine rollout. Moving on from yesterday’s gains; GBP has seen a retracement in line with a broader turn lower for […]

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Market Update

Sterling has continued its climb against both EUR & USD over the past 48 hours due mainly to December Inflation figures beating expectations for both Yearly & Monthly figures. The main contributors behind the inflation numbers rising were increases in costs of Transport and computer game consoles. Projections for inflation figures through the early parts […]

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Market Update

Sterling exchange rates ended lower against the Euro and Dollar on Friday after a few days of strength against most G10 currencies. The reason for the initial strength last week was the Bank of England indicating that the chances of negative interest rates were now lower than anticipated in 2020- which is positive for Sterling. […]

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Market Update

The second week of the year has been considerably stronger for the Pound (GBP) where we opened the first week on a high and were faced with sharp declines for the first five trading days of 2021. GBP has been one of the strongest performing currencies against it’s major peers this week. With Bank of […]

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Market Update

Main focus for markets throughout today will be Fed Reserve Chairman Jerome Powell’s speech later this afternoon which will provide direction for Quantitive Easing & Interest Rate’s later in the year. The U.S Dollar has risen consecutively for the last 4 days on the suggestion The Fed Reserve may start to gradually ease it’s Quantitive […]

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Market Update

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

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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Market Update

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

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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