Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 13, 2021
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We saw some more cause for optimism for The UK’s road to recovery out of the current pandemic with GDP figures showing that The UK’s economy grew stronger than expected in March by 2.1%. Quarterly GDP for the first 3 months of 2021 dropped by 1.5% but again was surprisingly softer than the initial 1.7% […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- April 29, 2021
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This week has been a quiet week on the economic front for Sterling, however the positive outlook for The UK keeps improving with Covid cases and deaths continuing to drop due to the steady vaccination rollout. This sentiment was further strengthened with the announcement that The UK has secured an extra 60 million Pfizer doses […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 23, 2021
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UK Consumer confidence for the UK has reached its peak since Covid-19 restriction have been put in place. Following suit, consumer spending has now breached pre-pandemic levels. Will this economy continue to rebound? Retail footfall, namely public transport, pubs, restaurants have recovered over the past couple of weeks which could continue to recover further as […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 22, 2021
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UK Wednesday saw the release of Inflation data for March in The UK. The figures although up from February’s 0.4% due to an increase in the cost of fuel, transport and clothes, was still a little short of the 0.8% expected with lower food prices offsetting other price rises. The rise in fuel prices in […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 16, 2021
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The British Pound came under pressure against the Euro this morning; declining more than 2% in April alone. However, a still-positive technical setup and solid underlying fundamentals which could encourage a recovery in the near-term. There was no discernible news to pin the declines on, but more and more analysts are awaking to the prospect […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 15, 2021
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The UK economy saw a return to growth in February despite still being in lockdown with businesses preparing to open up again, as well as exports to The EU showing a recovery since The UK’s split from the bloc. GDP rose by 0.4% in February showing some signs of improvement after an initial drop of […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- March 11, 2021
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GBP/USD has continued its recovery this week for the third consecutive day reaching 1.3960 this morning, gaining more momentum off the back of yesterdays announcement for The U.S. that Biden’s $1.9 trillion Covid package successfully got passed. Sterling is also comfortably within the 1.16-1.17 range against The Euro, hitting a high of 1.1693 earlier this […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 4, 2021
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The Pound remains on track to continue its climb higher against The Euro and USD after a relatively well received budget for 2021 as well as the ever-progressing vaccine roll-out. Rishi Sunak’s budget yesterday was labelled a giveaway budget with £65bn being provided as financial support to ensure the post-lockdown recovery is as long-lasting as […]
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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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