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, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- October 12, 2020
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UK PM Boris Johnson is expected to announce a new three-tier lockdown system later today in a further effort to stem the spread of Covid-19. The new system will allow the government to put certain areas in lockdown depending on the current infection rate and will prevent a further national lockdown from happening. While the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Rate Cuts, Sterling, UK, Uncategorised
- October 6, 2020
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Sterling climbed against the dollar for the first time in three weeks as investors pushed back expectations for when the Bank of England would cut interest rates below zero. Money markets pushed back bets that Britain’s interest rates would turn negative, with investors now seeing rates falling below zero in May 2021. Previously they had […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 5, 2020
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Sterling fell against the euro, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon conclude a Brexit deal. Versus the U.S. dollar, the pound was in neutral territory. British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 30, 2020
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Sterling fell this morning after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to break its divorce agreement with the European Union. The UK Internal Market Bill, which ministers acknowledge breaks international law, was approved by 340 votes to 256 in the House of Commons and now passes to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 29, 2020
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The British pound rose more than 1% yesterday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the bloc. The EU and Britain kicked off a decisive week of talks on Monday but cautioned that a deal was still some […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 28, 2020
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Britain may be heading for a no-deal Brexit in three months, but among traders in London the feeling so far is one of deja vu rather than a panicky rush to dump UK assets. After Britain threatened to ditch parts of its European Union divorce deal this month, markets are pricing in a 40%-45% chance […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- September 24, 2020
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Sterling had a turnaround of fortunes towards the end of the European session on Wednesday, rising as much as 0.6% against a weaker euro, with investors seeing some room for cautious optimism over the impending Brexit deadline. Sterling had been falling for the fifth consecutive day against the euro and was at nearly two-month lows […]
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- Posted by currencies in Bremain, Brexit, coronavirus, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 23, 2020
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Sterling hovered near two-month lows as British Prime Minister Boris Johnson unveiled long-lasting restrictions to tackle a second wave of the coronavirus. New measures, which included extending the use of face coverings, curfews on pubs, bars and restaurants and larger fines for rule-breakers, could be in place for six months, Johnson warned. Service is a […]
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