Market Update
The Bank of England is expected to signal that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and […]
Market Update
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 […]
Market Update
The pound fell against the dollar and euro overnight before steadying, with the dollar lifted by a bleak economic outlook from the Federal Reserve, and Brexit and the risk of […]
Market Update
The US Senate voted unanimously to approve to $2 trillion stimulus package to combat the economic impact of Covid-19. It includes business loans and direct payments to individuals. The House […]
Market Update
Sterling recovered ground against USD yesterday increasing by just under 2% to trade at 1.1889. This improvement in fortunes was owed to a very positive release for UK Manufacturing in […]
Market Update
On Monday, ahead of opening, the US federal reserve announced its largest-ever quantitative easing programme. Just eight days ago, they announced that they would pump an additional $700bn into the […]
Market Update
The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong […]
GBP Extends Losses
GBP had a mixed day Tuesday, extending losses against the USD to hit the lowest level since September 2019 after Trump oversaw a commitment to pledge $850 billion to support […]
Market Update
The Fed cut interest rates by 50 basis points on Tuesday, its first emergency rate cut since the financial crisis and collapse of Lehman Brothers in 2008. The cut was […]
Market Update
Sterling has dipped against the U.S. Dollar and Euro, as an unexpected rate cut from the U.S. Federal Reserve fuelled expectations the Bank of England could follow suit to protect […]