Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Sterling, UK, Uncategorised
- July 8, 2020
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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
- Posted by currencies in Brexit, Budget, coronavirus, UK, Uncategorised
- July 6, 2020
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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
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Sterling, UK, Uncategorised
- May 20, 2020
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Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also slid. The consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, official data showed on Wednesday, broadly in […]
READ MOREUS Slash Rates To Near Zero
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 16, 2020
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Ahead of the open of Asian markets late last night, the US Federal Reserve slashed interest rates by 100bp, taking the target range for the benchmark rate to 0-0.25%. Alongside, the Fed also announced that it would restart QE asset purchases by buying $500bn of Treasuries and $200bn of mortgage-backed securities. The move followed a […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Rate Cuts, Sterling, UK, Uncategorised
- March 9, 2020
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GBP conceded its fourth consecutive weekly loss against the EUR last week due to a combination of pessimistic Brexit Talks and increasing concerns surrounding the Coronavirus. The EUR has been the best performing currency over the past 7 days, mainly due to “carry trades” between the EUR & USD. Expectations suggest this could also happen […]
READ MOREPound Plummets
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2020
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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
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2020
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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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- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 27, 2020
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On Friday we saw the UK’s PMI data come out stronger than what traders were expecting, this has now reduced the chances of a Bank Of England interest rate cut on Thursday. The Bank Of England’s meeting this week is going to be the main event the markets will have their eyes on, it is […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 24, 2020
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ECB left policy and guidance unchanged at today’s meeting. the European central bank’s new President Christine Lagarde reaffirmed that the current performance of the EU economy justifies the need for negative interest rates. The euro was 0.32% lower against the US Dollar at 1.1055, dropping as 1.1037, its weakest it has been since December 2nd. […]
READ MORESterling On A Decline
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 14, 2020
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On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]
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