Sterling Slips To 30 Month Lows


Sterling Slips To 30 Month Lows

The dollar rose to a two-year peak against the euro as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since the financial crisis. In a widely expected move, the U.S. central bank cut rates by 25 basis points to shore up the economy against risks […]

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Sterling Steadies After Week Of Big Losses

Sterling, which has tumbled for the whole week as investors rushed to factor in the possibility of Britain leaving the European Union without transition trade arrangements in place, has gained 0.2% at $1.2167, crawling back from a 28-month of $1.2120 plumbed yesterday. Few expect the pound’s respite will last long, given new Prime Minister Boris […]

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Sterling Crashes

Sterling crashed to 2-1/2 year lows this morning and fell towards the $1.21 mark versus the dollar as the growing likelihood of a disorderly Brexit led investors to hedge or cut their exposure to British assets. Sterling traded as high as $1.32 in early-May, having fallen steadily since then, with losses accelerating since July 24 […]

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Market Update

The dollar stayed near a two-week high versus on Friday as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key U.S. economic data later in the day. The euro held gains after the European Central Bank (ECB) kept policy unchanged, disappointing some market participants who had bet on an easing, but […]

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Boris Names His Brexit Dominated Seniors

Prime Minister Boris Johnson will meet his Brexiteer-dominated team of senior ministers for the first time today to plot how to persuade the European Union to agree to a new Brexit deal ahead of the Oct. 31 exit deadline. Johnson’s dramatic rise to Britain’s top job sets the world’s fifth largest economy up for a […]

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Markets Await Johnson Speech Later Today

Sterling inched slightly higher this morning against the dollar and euro after losses in recent days but options markets indicate more pain ahead as the risk of a no-deal Brexit under new leader Boris Johnson is seen worsening economic stress. We are awaiting Johnson’s speech due later in the day after Britain’s Queen Elizabeth formally […]

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Market Updates

The Pound continues to weaken against the Euro on a daily basis, we have never seen this type of losing trend for the currency pair since records began. We saw a brief recovery by the pound reaching 1.1162 yesterday afternoon, however that was short lived, and Sterling lost 0.3% by the end of the day. […]

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Dollar Weakens After Powell Comments

The dollar fell to a five-day low this morning after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic […]

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Continuing Trend – Pound Drops Further

The British pound fell further this morning amid worries about the threat of a no-deal Brexit under the next prime minister and a deteriorating UK economy. In the latest sign of economic weakness, sales at British retailers rose at their slowest average pace on record over the past year, a survey from the British Retail […]

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Sterling Predictions

Sterling would rally substantially if Britain leaves the European Union with a deal but weaken further if no we leave without. After suffering its biggest loss against the euro in two years in May – and also losing ground against the dollar – the pound coasted through June as markets awaited the outcome of a […]

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