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, 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 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, 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, 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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- 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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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 4, 2021
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All eyes are on the Bank of England today, as GBP weakens slightly with the upcoming decision on Interest Rates expected at Midday. GBP has dropped off slightly showing some nervousness towards the possibility of negative interest rates being mentioned in the near term to counter-act the fragility of The UK economy. Factors leading to […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 29, 2021
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Sterling endured a setback towards the middle of the week but then recovered through Thursday as currencies reacted to the ups and downs in global equity and commodity markets, confirming the growing importance of the global picture for the UK currency. The near-term outlook for the Pound will therefore likely depend on how broader markets trade, and whether the […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 26, 2021
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Sterling fell to its lowest in a week against the dollar and traded near one-week lows against the euro as more subdued risk sentiment across broader asset markets weighed on the currency. Broader equity markets as measured by MSCI’s All Country World Index and Wall Street futures were lower, giving the dollar a lift, while […]
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