Market Update
- Posted by currencies in coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- March 1, 2021
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Over the last week we saw the market being to face sell-offs due to concerns about bond prices and yields- what was positive to see was the Sterling reaction. GBPUSD fell under 1.40 (After a rise to 1.42) and GBPEUR managed to hold 1.15 which gives us a good base for the next week- and […]
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Market Update
- Posted by currencies in coronavirus, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 26, 2021
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GBP has fallen by 1% against the Euro and just under against the USD; the sharpest decline of 2021 in response to a sharp sell-off in global stock markets. Last night’s move suggest Sterling has adopted a ‘risk on’ status alongside the mood of the global investor community. Investor sentiment is deteriorating with global stock […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Sterling, UK, Uncategorised
- February 25, 2021
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Yesterday we saw continued strength in GBP as it hit 1.42 against the USD, levels not seen since April 2018 and touching a 1 year high against the Euro at 1.17. The main driving force behind the surge in Sterling was Boris Johnson’s roadmap out of lockdown announced on Monday, coupled with the ongoing success […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2021
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Sterling jumped above $1.42 on Wednesday, coming within touching distance of $1.43, while also reaching a year’s high against the euro as analysts retained their bullish views on the currency. The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro as investors bet Britain’s rapid […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 18, 2021
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This afternoon we have seen GBP climb back above 1.39 against the Dollar & stay above 1.15 against the EUR with extended optimism that Boris Johnson’s roadmap out of lockdown on Monday 22nd February will be more positive than initially expected. As of yesterday, almost 16 million people in The UK have had their first […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- February 17, 2021
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Sterling hit a 10-month high against the euro as investors bet Britain’s COVID-19 vaccinations would help its coronavirus-battered economy reopen quickly and recover from its biggest hit in 300 years. The pound rose 0.2% against the euro to as high as 86.84 pence, its highest since April 2020. A day earlier, it had climbed to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 15, 2021
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The UK’s covid-19 vaccination plan continues at a great pace and is likely to hit the government’s target of 15 million first doses by February 15. The impressive pace of this program should allow UK PM Boris Johnson to release the country from lockdown sooner rather than later and get the economy moving. PM Johnson […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 11, 2021
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GBP/USD has it’s sights set on 1.40 as it heads towards it’s highest levels since April 2018. The main driver behind this surge is due to the encouraging vaccination roll-out in The UK with over 13 million people having now received at least the first of two doses. This impressive vaccine programme has had an […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, EUR, Fed, GBP, Sterling, UK, Uncategorised
- February 9, 2021
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Sterling hit its highest level against the dollar since April 2018 and traded just below eight-month highs against the euro, with analysts citing Britain’s lead in COVID-19 vaccinations as a positive for the currency. Analysts have largely been constructive on the pound – particularly against the euro – this year, noting that Britain’s COVID-19 vaccine […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 5, 2021
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The Bank of England has opted to not cut interest rates into negative territory and has done so with a unanimous vote of the Monetary Policy Committee (MPC). The initial decision and subsequent guidance from the Bank has prompted a rally in the British Pound against the Euro, Dollar and other major currencies. The Pound-to-Euro […]
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