Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- June 30, 2021
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The British pound is slightly lower this morning as investors waited to hear whether Britain and European Union will agree to extend an exemption on customs checks on chilled meat shipments to Northern Ireland. The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end […]
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- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 24, 2021
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Today the main focus for GBP is the Bank of England Interest Rate decision. The expectation is expected to see rates kept at their current levels along with existing Quantitive Easing measures to continue for the foreseeable, however it has been stated that The Bank of England will be keeping an eye on inflation which […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 3, 2021
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GBP has again seen some slight strength against The EUR this morning after fresh signals from Boris Johnson that all Covid restrictions will be lifted on June 21st as originally planned. Although cases are rising throughout The UK, the hospitalisation and death numbers are still relatively low which suggests the vaccines are breaking the link between […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 27, 2021
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The UK’s economic recovery has recently been overshadowed by new Covid variants leading to a rise in infections, with a daily high of 3,000 cases for the first time since Mid-April. Prompting questions over the further easing of government restrictions on June 21st. UK inflation beat expectations in April, improving by 1.5% largely due to […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 17, 2021
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Over the last week we have seen Sterling exchange rates continue to rise against the Euro & Dollar as the UK plans to move to the next stage of reopening on 17th May- which will see many more businesses able to reopen which we am sure is music to all of our ears! It also […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 16, 2021
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The British Pound came under pressure against the Euro this morning; declining more than 2% in April alone. However, a still-positive technical setup and solid underlying fundamentals which could encourage a recovery in the near-term. There was no discernible news to pin the declines on, but more and more analysts are awaking to the prospect […]
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- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 15, 2021
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The UK economy saw a return to growth in February despite still being in lockdown with businesses preparing to open up again, as well as exports to The EU showing a recovery since The UK’s split from the bloc. GDP rose by 0.4% in February showing some signs of improvement after an initial drop of […]
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- Posted by currencies in Bank of England, Bremain, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 4, 2021
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The Pound remains on track to continue its climb higher against The Euro and USD after a relatively well received budget for 2021 as well as the ever-progressing vaccine roll-out. Rishi Sunak’s budget yesterday was labelled a giveaway budget with £65bn being provided as financial support to ensure the post-lockdown recovery is as long-lasting as […]
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- Posted by currencies in coronavirus, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 26, 2021
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GBP has fallen by 1% against the Euro and just under against the USD; the sharpest decline of 2021 in response to a sharp sell-off in global stock markets. Last night’s move suggest Sterling has adopted a ‘risk on’ status alongside the mood of the global investor community. Investor sentiment is deteriorating with global stock […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2021
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Sterling jumped above $1.42 on Wednesday, coming within touching distance of $1.43, while also reaching a year’s high against the euro as analysts retained their bullish views on the currency. The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro as investors bet Britain’s rapid […]
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