Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Dollar, Economy, election, No Deal, Sterling, UK, Uncategorised
- November 3, 2020
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Sterling fell against the dollar to its lowest in almost four weeks after England announced a new national lockdown, but analysts said hopes for a Brexit deal prevented the currency from declining further. Prime Minister Boris Johnson announced over the weekend that a one-month lockdown across England would start on Thursday. Britain has registered more […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Dollar, election, EUR, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 19, 2020
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The British pound held above a 10-day low as investors cut their holdings with British and European negotiators scrambling to salvage post-Brexit trade talks. British Prime Minister Boris Johnson said on Friday there was no point in continuing talks and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on Dec. […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- September 14, 2020
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The pound rose against the dollar and euro, stabilising somewhat after recent falls, as investors waited for a key Brexit vote. Sterling had its worst week in six months last week, as investors grew more pessimistic about the chances of a Brexit deal being reached before the December 2020 deadline. Britain threw Brexit talks into […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 10, 2020
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Oil prices fell by around 30% over the weekend, due to the ongoing disagreement between Russia and Saudi Arabia over the production of oil as lower prices have begun to affect orders. The talks ended with Saudi Arabia threatening to lower their prices by $6 to wipe out their competitors during tough times that the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Rate Cuts, Sterling, UK, Uncategorised
- March 9, 2020
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GBP conceded its fourth consecutive weekly loss against the EUR last week due to a combination of pessimistic Brexit Talks and increasing concerns surrounding the Coronavirus. The EUR has been the best performing currency over the past 7 days, mainly due to “carry trades” between the EUR & USD. Expectations suggest this could also happen […]
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Sterling Drops To 4 Month Lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 3, 2020
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Pound sterling has now hit a four and a half month low wiping out the gains we have had after the signing of the Brexit deal and massive election victory in the space of five days going from highs of 1.20 on the Euro down to now 1.1438. The main reason being is that investors […]
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Pound Continues To Fall
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- February 28, 2020
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Sterling suffered more losses after Boris Johnson pushed The EU back stating The UK were prepared to walk away from Trade Talks in June if enough progress wasn’t made. These comments came after Brussels warned the UK, they faced a tough road ahead. With Trade Talks set to start Monday, there a few key areas […]
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Pound Plummets
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2020
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GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price in a Bank of England rate cut in the coming months. The government could now put off plans to increase its spending due to uncertainty […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 21, 2020
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Pound Sterling has dropped to a three month low against the Greenback on Thursday as the U.S. currency’s has out performed undoing the recent pound gains that were driven by the appointment of a new British finance minister Rishi Sunak. Since the high of 1.3070 after the appointment of Sunak the pound has now lost […]
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Sterling Falls Sharply
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 3, 2020
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Sterling fell sharply this morning Boris Johnson set out tough terms for European Union talks, bringing back fears Britain would reach the end of an 11-month transition period without agreeing a trade deal. The sides have until the end of the year, when a standstill transitional period expires, to secure a deal on trade and […]
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