Sterling Rebounds
Sterling is on track for its biggest daily gain in three years, rebounding more than 2% as grim U.S. unemployment data weakened the dollar across the board. The pound is […]
Market Update
The US Senate voted unanimously to approve to $2 trillion stimulus package to combat the economic impact of Covid-19. It includes business loans and direct payments to individuals. The House […]
Market Update
On Monday, ahead of opening, the US federal reserve announced its largest-ever quantitative easing programme. Just eight days ago, they announced that they would pump an additional $700bn into the […]
Market Update
The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong […]
GBP Extends Losses
GBP had a mixed day Tuesday, extending losses against the USD to hit the lowest level since September 2019 after Trump oversaw a commitment to pledge $850 billion to support […]
US Slash Rates To Near Zero
Ahead of the open of Asian markets late last night, the US Federal Reserve slashed interest rates by 100bp, taking the target range for the benchmark rate to 0-0.25%. Alongside, […]
Market Update
Oil prices fell by around 30% over the weekend, due to the ongoing disagreement between Russia and Saudi Arabia over the production of oil as lower prices have begun to […]
Market Update
Sterling has dipped against the U.S. Dollar and Euro, as an unexpected rate cut from the U.S. Federal Reserve fuelled expectations the Bank of England could follow suit to protect […]
Pound Plummets
GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price […]
Trade Deal Talks Begin
EU ministers will meet today to discuss how to open to trade deal negotiations, which will start on March 02. They are expecting the mandate to be based on EU […]