Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- July 17, 2020
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The pound eased slightly in early London trade, set for its biggest weekly fall versus the dollar in a month, as uncertainty over Britain’s economy, difficult Brexit talks and a heavy COVID-19 death toll weighed on the currency. The pound is on track to be the worst performing G10 currency this week, after weaker economic […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- July 16, 2020
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The British pound slipped as risk aversion swept through markets, boosting the safe-haven appeal of the U.S. dollar as upbeat Chinese growth data failed to lift sentiment. Against the dollar, the pound slipped a quarter of a percent to $1.2556, even though data showed the slide in Britain’s jobs market eased in June. We still […]
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- Posted by currencies in Brexit, coronavirus, Currency, Economy, GBP, Sterling, UK, Uncategorised
- July 14, 2020
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Britain’s economy stumbled out of its coronavirus-induced slump in May, casting doubt on the chances of a rapid rebound and suggesting more government help to kickstart recovery may be on its way. Gross domestic product rose 1.8% after lockdown restrictions were eased slightly, the Office for National Statistics said – a smaller rebound than any […]
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- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Sterling, UK, Uncategorised
- July 8, 2020
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Sterling was steady this morning, a day after hitting three-week highs against both the dollar and euro, ahead of expected British moves to prevent a full-blown unemployment crisis. In his new budget speech, due at 1130 GMT, British finance minister Rishi Sunak is expected to include a 2 billion-pound fund to create six-month work placement […]
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- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- July 3, 2020
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Sterling was headed for its first positive week in four against the dollar, holding close to the $1.25 mark as a week of negotiations between Britain and the European Union ended on what investors called an optimistic note, with meetings expected to resume next week. Brexit talks this week between Britain and the EU ended […]
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- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- July 2, 2020
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Against a basket of currencies, the greenback slipped marginally and is tracking toward its worst week in a month, with a 0.4% fall – though it could shift significantly in either direction depending on U.S. jobs data due at 1230 GMT. Non-farm payrolls figures are expected to show an increase of 3 million jobs last […]
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- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- June 24, 2020
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The pound fell against the dollar and euro, weighed down by uncertainty over Brexit negotiations even after global risk appetite got a boost from positive economic data as countries ease their lockdowns. For the past two days, the pound had risen against a weaker dollar, hitting a six-day high of $1.2541 at 0007 GMT on […]
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- Posted by currencies in Bank of England, coronavirus, Retail Sales, Sterling, UK, Uncategorised
- June 19, 2020
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Sterling rose slightly but remained under the $1.25 mark after hitting almost three-week lows as retail sales rebounded in May more strongly than hoped with the country gradually relaxing its coronavirus lockdown. British retail sales jumped 12% last month after a historic 18% slump in April, official data showed. Consumer confidence figures for May were […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, Sterling, UK, Uncategorised
- June 18, 2020
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Sterling dipped against the dollar and euro as some investors braced for a larger-than-expected increase in the Bank of England’s quantitative easing programme to combat the economic fallout of the COVID-19 pandemic. The BoE, which meets later today, is expected to build up its war-chest for fighting the crisis by announcing an increase of at […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- June 15, 2020
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Sterling sank against the dollar and euro as fears of a second wave of coronavirus hit risk sentiment and global markets, with investors also nervous ahead of a key meeting on Brexit negotiations. A fresh coronavirus outbreak in China and rising infection numbers in the United States – even as major economies have begun lifting […]
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