Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 21, 2021
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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
- Posted by currencies in coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- July 8, 2021
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GBP is set to at least hold it’s value throughout July with the freedom day of July 19th set to go ahead after being given the green light from Boris Johnson. The main factor behind this decision is due to the correlation that vaccines are having on bringing down hospitalisations and deaths. Economically, GDP is […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- July 7, 2021
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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
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- July 5, 2021
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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
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 1, 2021
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The pound dropped off this morning after Bank of England Governor Andrew Bailey warned against over-reaction to rising inflation in Britain. Bailey said in his annual Mansion House speech that it was important to ensure that the recovery was not undermined by a premature tightening in monetary conditions, as a rise in inflation was likely […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- June 30, 2021
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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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- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 24, 2021
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Today the main focus for GBP is the Bank of England Interest Rate decision. The expectation is expected to see rates kept at their current levels along with existing Quantitive Easing measures to continue for the foreseeable, however it has been stated that The Bank of England will be keeping an eye on inflation which […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 3, 2021
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GBP has again seen some slight strength against The EUR this morning after fresh signals from Boris Johnson that all Covid restrictions will be lifted on June 21st as originally planned. Although cases are rising throughout The UK, the hospitalisation and death numbers are still relatively low which suggests the vaccines are breaking the link between […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 27, 2021
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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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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- May 20, 2021
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In the UK we had inflation data for April which beat expectations of 1.4%, coming out at 1.5%. This was an increase of more than double in comparison to the figures in March. The main reason for inflation increasing so much was due to a rise in energy prices not seen since the beginning of […]
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