Market Update


Market Update

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

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

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

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

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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Market Update

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

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

GBP has fallen this morning against major currencies off the back of comments from Boris Johnson yesterday that seem to suggest the current lockdown in The United Kingdom will be extended until at least the 8th of March. This decision has been driven by the fact that the PM believes if the drop in cases […]

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