Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 15, 2021
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The UK’s covid-19 vaccination plan continues at a great pace and is likely to hit the government’s target of 15 million first doses by February 15. The impressive pace of this program should allow UK PM Boris Johnson to release the country from lockdown sooner rather than later and get the economy moving. PM Johnson […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 4, 2021
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All eyes are on the Bank of England today, as GBP weakens slightly with the upcoming decision on Interest Rates expected at Midday. GBP has dropped off slightly showing some nervousness towards the possibility of negative interest rates being mentioned in the near term to counter-act the fragility of The UK economy. Factors leading to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 1, 2021
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The British pound rose back towards its recent three-year high, boosted by a combination of heightened global risk appetite and optimism about the UK’s vaccine rollout. Riskier currencies gained against the dollar, which edged lower as global market sentiment was lifted by an equity rally in the Asian session. The pound strengthened even more than […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 29, 2021
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Sterling endured a setback towards the middle of the week but then recovered through Thursday as currencies reacted to the ups and downs in global equity and commodity markets, confirming the growing importance of the global picture for the UK currency. The near-term outlook for the Pound will therefore likely depend on how broader markets trade, and whether the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, election, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 28, 2021
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GBP has fallen this morning against major currencies off the back of comments from Boris Johnson yesterday that seem to suggest the current lockdown in The United Kingdom will be extended until at least the 8th of March. This decision has been driven by the fact that the PM believes if the drop in cases […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, Fed, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 27, 2021
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Sterling edged above $1.37 ahead of comments from Federal Reserve Chair Jerome Powell, while Britain’s COVID-19 vaccine rollout also offered support to the pound. Expectations of a large U.S. fiscal stimulus package has fuelled risk sentiment in markets in recent weeks, benefiting sterling and market participants are expecting Powell to renew a commitment to ultra-easy […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 26, 2021
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Sterling fell to its lowest in a week against the dollar and traded near one-week lows against the euro as more subdued risk sentiment across broader asset markets weighed on the currency. Broader equity markets as measured by MSCI’s All Country World Index and Wall Street futures were lower, giving the dollar a lift, while […]
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Market Update
- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 21, 2021
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Sterling has continued its climb against both EUR & USD over the past 48 hours due mainly to December Inflation figures beating expectations for both Yearly & Monthly figures. The main contributors behind the inflation numbers rising were increases in costs of Transport and computer game consoles. Projections for inflation figures through the early parts […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, Prime Minister, Sterling, UK, Uncategorised
- January 18, 2021
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Sterling exchange rates ended lower against the Euro and Dollar on Friday after a few days of strength against most G10 currencies. The reason for the initial strength last week was the Bank of England indicating that the chances of negative interest rates were now lower than anticipated in 2020- which is positive for Sterling. […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Prime Minister, Sterling, UK, Uncategorised
- January 15, 2021
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The second week of the year has been considerably stronger for the Pound (GBP) where we opened the first week on a high and were faced with sharp declines for the first five trading days of 2021. GBP has been one of the strongest performing currencies against it’s major peers this week. With Bank of […]
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