Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2021
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GBP climbed against the Euro & US Dollar yesterday reaching 1.1324 and 1.3745 respectively, reaching a new 8 month high. The Pound remains well supported with a combination of rising global markets and a strong vaccine rollout. Moving on from yesterday’s gains; GBP has seen a retracement in line with a broader turn lower for […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 10, 2020
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The Brexit-battered pound extended its losses against the dollar and the euro, as investors became more cautious about the risk of Britain and the EU failing to agree on a Brexit deal, with just three weeks until the Dec. 31 deadline. The pound dropped not long after 10pm on Wednesday, when a dinner between UK […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 8, 2020
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Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies, falling broadly as caution grew among investors awaiting the outcome of Brexit trade deal talks that have come down to the wire. With only three weeks to go for Britain to fully complete its exit from the European Union, […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- December 7, 2020
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Post-Brexit trade talks hung in the balance this morning as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in just 24 days. With growing fears of no-deal chaos after the United Kingdom finally leaves the EU’s orbit on Dec. 31, […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 3, 2020
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Sterling held on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that Britain and the European Union can strike a Brexit deal before the country’s transition out of the bloc ends in four weeks’ time. The EU’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations were […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 30, 2020
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Sterling hovered above $1.33 as traders clung to hopes that Britain and the European Union would soon seal a long-awaited Brexit trade deal, even as the clock ticked down on the Brexit transition period. The United Kingdom exits the EU’s orbit on Dec. 31 and both sides are demanding concessions from the other on fishing, […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 13, 2020
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Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s broad coronavirus job protection plan. Economists polled had expected the jobless rate to rise more slowly, to 4.3% from 4.1% in the three months to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 16, 2020
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The British pound held within striking distance of a two-month low before a Bank of England decision on Thursday against the backdrop of a darkening outlook for the economy. While the central bank is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising for the economy […]
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- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Economy, Sterling, UK, Uncategorised
- September 15, 2020
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Boris Johnson’s controversial Internal Markets Bill (IMB) made it through the first stage of the parliamentary process last night, with the Government winning the vote 340 to 263, the Bill now moves on to the Committee stage of the process where we can expect the attempt to add amendments. Boris has the votes in the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 11, 2020
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Britain’s economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level. After crashing by a record 20% in the second quarter, output expanded by 6.6% in July, slower than June’s monthly rate, the […]
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