Market Update
The pound recovered some losses against the dollar in early trading and rose against the euro, as investors grappled with the pound’s downside risks before the Bank of England’s meeting […]
Market Update
Sterling gained as demand eased for U.S. dollars, allowing the pound to recover some of its 1.5% loss this month. The pound ended April up 1.4% against the dollar on […]
Market Update
Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. […]
Market Update
The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide […]
Market Update
The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December […]
UK Data Near 30 Year Lows
The pound was flat this morning before the release of preliminary UK PMI data for April, which was expected to show a sharp decline in economic activity as the coronavirus […]
Market Update
The pound slipped this morning, falling back from its monthly highs against the dollar and euro, after a dire global economic forecast from the International Monetary Fund diminished risk appetite […]
Market Update
Sterling rose to one-month highs versus the dollar and euro today, as hopes lockdowns may be slowing the spread of the coronavirus pandemic strengthened currencies seen as riskier bets. The […]
Market Update
The pound moved closer towards a one-week high, buoyed by a weak dollar despite data showing that Britain’s economy stagnated in the three months to February before the coronavirus crisis […]
Market Update
British Prime Minister Boris Johnson spent a second night in intensive care and was in a stable condition after receiving oxygen support for COVID-19 complications while his foreign minister directs […]