Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Fed, GBP, No Deal, Sterling, UK, Uncategorised
- September 17, 2020
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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 a possible Brexit shock. The BoE has already cut interest rates to a record low 0.1% and ramped up its bond-buying programme to almost $1 […]
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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, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 11, 2020
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Britain’s economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level. After crashing by a record 20% in the second quarter, output expanded by 6.6% in July, slower than June’s monthly rate, the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 10, 2020
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Sterling hit a six-week low below $1.29 before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life, stoking concern that trade talks with the European Union could be derailed. The text of the legislation – called the Internal Market Bill – acknowledged “inconsistency” with international law and prompted a rapid rebuke from […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Economy, GBP, Prime Minister, Sterling, UK, Uncategorised
- August 5, 2020
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Sterling edged lower erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second wave of virus infections and a Bank of England policy meeting later this week capped the pound’s advance. The move lower reversed a trend earlier in the session where the pound had been advancing towards a five-month […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- July 17, 2020
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The pound eased slightly in early London trade, set for its biggest weekly fall versus the dollar in a month, as uncertainty over Britain’s economy, difficult Brexit talks and a heavy COVID-19 death toll weighed on the currency. The pound is on track to be the worst performing G10 currency this week, after weaker economic […]
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- Posted by currencies in Brexit, coronavirus, Currency, Economy, GBP, Sterling, UK, Uncategorised
- July 14, 2020
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Britain’s economy stumbled out of its coronavirus-induced slump in May, casting doubt on the chances of a rapid rebound and suggesting more government help to kickstart recovery may be on its way. Gross domestic product rose 1.8% after lockdown restrictions were eased slightly, the Office for National Statistics said – a smaller rebound than any […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Fed, GBP, Sterling, UK, Uncategorised
- June 11, 2020
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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 negative rates continuing to weigh on sterling. The dollar bounced against riskier currencies after the U.S. Fed’s economic outlook spooked investors. Sterling had risen against […]
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- Posted by currencies in coronavirus, Currency, GBP, Sterling, UK, Uncategorised
- June 10, 2020
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The dollar fell against most currencies amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields in a policy decision later in the day. The main focus is a Fed policy meeting later on. While no major changes are expected, recent rises in yields have pushed up […]
READ MOREBritain’s economy shrank by a record 5.8%
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, GBP, Rate Cuts, Sterling, UK, Uncategorised
- May 13, 2020
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Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the spread of the virus, official data showed this morning. In the first three months of the year, gross domestic product contracted by 2.0% from the […]
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