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

Britain’s economy stumbled out of its coronavirus-induced slump in May, casting doubt on the chances of a rapid rebound and suggesting more government help to kickstart recovery may be on its way. Gross domestic product rose 1.8% after lockdown restrictions were eased slightly, the Office for National Statistics said – a smaller rebound than any […]

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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

The pound fell against the euro and held steady against the U.S. dollar, as traders looked ahead to this month’s Brexit negotiations and more government support measures expected later this week. Traders expect more clarity by the end of July on whether Britain will agree a trade deal with the European Union. Britain left the […]

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Market Update

Sterling was headed for its first positive week in four against the dollar, holding close to the $1.25 mark as a week of negotiations between Britain and the European Union ended on what investors called an optimistic note, with meetings expected to resume next week. Brexit talks this week between Britain and the EU ended […]

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Market Update

Against a basket of currencies, the greenback slipped marginally and is tracking toward its worst week in a month, with a 0.4% fall – though it could shift significantly in either direction depending on U.S. jobs data due at 1230 GMT. Non-farm payrolls figures are expected to show an increase of 3 million jobs last […]

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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

The pound fell against the dollar and euro, weighed down by uncertainty over Brexit negotiations even after global risk appetite got a boost from positive economic data as countries ease their lockdowns. For the past two days, the pound had risen against a weaker dollar, hitting a six-day high of $1.2541 at 0007 GMT on […]

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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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