Market Update
- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- June 2, 2020
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Sterling climbed above $1.25 to its highest in a month against the dollar, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit negotiations with the European Union provided support. Britain is expected to indicate flexibility over fisheries and trade rules if the European Union agrees to lessen […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Sterling, UK, Uncategorised
- May 20, 2020
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Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also slid. The consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, official data showed on Wednesday, broadly in […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Sterling, UK, Uncategorised
- May 18, 2020
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Sterling hovered at near two-month lows against the dollar and the euro, as talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations kept the currency pinned within tight ranges. The pound has already fallen sharply this month, by 3.75% against the dollar. Britain and the EU’s chief negotiators […]
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Market Update
- Posted by currencies in coronavirus, Sterling, UK, Uncategorised
- May 15, 2020
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The U.S. dollar was set for a weekly gain and the Australian dollar for a 1% drop this week as the threat of a second wave of coronavirus infections rattled investors. As hopes faded for a quick global recovery from the pandemic, traders unloaded the trade-sensitive Aussie and moved into safer assets such as the […]
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Britain’s economy shrank by a record 5.8%
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, GBP, Rate Cuts, Sterling, UK, Uncategorised
- May 13, 2020
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Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the spread of the virus, official data showed this morning. In the first three months of the year, gross domestic product contracted by 2.0% from the […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, EUR, GBP, Rate Alerts, Sterling, UK, Uncategorised
- May 1, 2020
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Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. Sterling registered a 1.4% gain against the dollar in April, rallying hard last week. But with speculators turning negative on the pound for the first […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 28, 2020
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The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide further stimulus to their economies to fight the coronavirus. Sterling has been very closely correlated with riskier assets such as stocks and when investors’ risk […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- April 27, 2020
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The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December last year. The pound was boosted by improving global risk appetite and hopes that lockdown measures may start to be eased as the number of […]
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Market Update
- Posted by currencies in coronavirus, Sterling, UK, Uncategorised
- April 24, 2020
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Sterling slipped against the dollar after data showed the biggest drop in British retail sales on record, adding to fears about the economic impact of the coronavirus pandemic. Official figures showed sales volumes fell by 5.1% in March, reflecting the hit from the coronavirus shutdown which closed many businesses in the second half of the […]
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UK Data Near 30 Year Lows
- Posted by currencies in coronavirus, GBP, Sterling, UK, Uncategorised
- April 23, 2020
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The pound was flat this morning before the release of preliminary UK PMI data for April, which was expected to show a sharp decline in economic activity as the coronavirus lockdown brings British business to a halt. At 32.9 in April, down from 47.8 in March, the UK Manufacturing Purchasing Managers’ Index– a composite single-figure […]
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