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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- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Dollar, election, EUR, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 19, 2020
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The British pound held above a 10-day low as investors cut their holdings with British and European negotiators scrambling to salvage post-Brexit trade talks. British Prime Minister Boris Johnson said on Friday there was no point in continuing talks and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on Dec. […]
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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, 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, 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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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- September 25, 2020
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British consumer confidence ticked up in September to its highest level since the coronavirus lockdown started in March, but it remains well below its pre-pandemic levels, a survey showed this morning. The GfK Consumer Confidence Barometer rose unexpectedly to -25 in September from -27 in August. A poll of economists had pointed to an unchanged […]
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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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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 21, 2020
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With latest reports showing global cases rising above the 30 million mark, prompting the WHO to warn that renewed increases in Europe are a “wake-up call”, the prospect of further lockdown measures being implemented remains a real threat. The same is true for the UK, which along with ongoing Brexit uncertainty, represents key risks for […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 16, 2020
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The British pound held within striking distance of a two-month low before a Bank of England decision on Thursday against the backdrop of a darkening outlook for the economy. While the central bank is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising for the economy […]
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