Market Update
- 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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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 Bank of England, Brexit, coronavirus, Currency, Prime Minister, Sterling, UK, Uncategorised
- August 10, 2020
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Upcoming jobs data out of the United Kingdom could spark a reversal in GBP/USD rates, should the unemployment rate in June exceed the consensus forecast 4.2%. This economic data may hold substantially more weight than usual when considering the ongoing tapering and ultimate cessation of the British government’s £33.8 billion furlough scheme in October. Given […]
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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 Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 28, 2020
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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 further stimulus to their economies to fight the coronavirus. Sterling has been very closely correlated with riskier assets such as stocks and when investors’ risk […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- April 15, 2020
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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 broadly, boosting the dollar. The global economy is expected to shrink by 3.0% during 2020 in a coronavirus-driven collapse of activity that will mark the […]
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Market Update
- Posted by currencies in coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 8, 2020
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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 the country’s battle against the outbreak. The markets focus remains on the health of our PM. Otherwise, the Treasury Select Committee will be taking evidence […]
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- Posted by currencies in coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 7, 2020
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Sterling rallied with a broad rebound in risk markets encouraging some selling of the dollar, while traders awaited news on British Prime Minister Boris Johnson, who is fighting worsening coronavirus symptoms in intensive care. Johnson, 55, was moved into an intensive care unit in a London hospital late on Monday after his condition had deteriorated […]
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Market Update
- Posted by currencies in coronavirus, Currency, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 6, 2020
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The latest statistics suggested a slowdown in the rate of covid-19 fatalities. FX has seen a more muted reaction, with most of the G10 currencies within 0.50% of Friday’s close. Oil focussed currencies like CAD, NOK have been more volatile around OPEC+ headlines, and whether they will agree a new supply constraint deal or not […]
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