Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 17, 2021
- No Comments
Over the last week we have seen Sterling exchange rates continue to rise against the Euro & Dollar as the UK plans to move to the next stage of reopening on 17th May- which will see many more businesses able to reopen which we am sure is music to all of our ears! It also […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 13, 2021
- No Comments
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% […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- April 29, 2021
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 15, 2021
- No Comments
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 […]
READ MORE
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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in coronavirus, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 26, 2021
- No Comments
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 […]
READ MORE
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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2021
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- February 17, 2021
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 15, 2021
- No Comments
The UK’s covid-19 vaccination plan continues at a great pace and is likely to hit the government’s target of 15 million first doses by February 15. The impressive pace of this program should allow UK PM Boris Johnson to release the country from lockdown sooner rather than later and get the economy moving. PM Johnson […]
READ MORE
