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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- 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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- 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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- Posted by currencies in coronavirus, Currency, Sterling, UK, Uncategorised
- April 17, 2020
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Sterling remained steady this morning, it only fell slightly against the broad-based stronger dollar, after the UK said it would extend its coronavirus lockdown for at least three more weeks. Foreign Secretary Dominic Raab said Britain could not risk the progress it had made in fighting the outbreak by easing up on restrictions at this […]
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- Posted by currencies in coronavirus, Sterling, UK, Uncategorised
- April 16, 2020
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The pound has steadied off this morning, slipping slightly against the dollar but holding recent gains against the euro, ahead of an expected announcement about an extension of Britain’s lockdown imposed to curb the spread of coronavirus. The British government is expected to announce that it will extend the lockdown in the UK for a […]
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- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- April 15, 2020
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The pound slipped this morning, falling back from its monthly highs against the dollar and euro, after a dire global economic forecast from the International Monetary Fund diminished risk appetite broadly, boosting the dollar. The global economy is expected to shrink by 3.0% during 2020 in a coronavirus-driven collapse of activity that will mark the […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 14, 2020
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Sterling rose to one-month highs versus the dollar and euro today, as hopes lockdowns may be slowing the spread of the coronavirus pandemic strengthened currencies seen as riskier bets. The pound has benefited from improved risk sentiment this month as some economies consider reopening and their coronavirus cases slow, even as experts warn Britain may […]
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- Posted by currencies in coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- April 9, 2020
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The pound moved closer towards a one-week high, buoyed by a weak dollar despite data showing that Britain’s economy stagnated in the three months to February before the coronavirus crisis escalated. Gross domestic product rose by 0.1% in the December-February period, the Office for National Statistics said, weaker than a median forecast for growth of […]
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- Posted by currencies in coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 8, 2020
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British Prime Minister Boris Johnson spent a second night in intensive care and was in a stable condition after receiving oxygen support for COVID-19 complications while his foreign minister directs the country’s battle against the outbreak. The markets focus remains on the health of our PM. Otherwise, the Treasury Select Committee will be taking evidence […]
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- Posted by currencies in coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 7, 2020
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Sterling rallied with a broad rebound in risk markets encouraging some selling of the dollar, while traders awaited news on British Prime Minister Boris Johnson, who is fighting worsening coronavirus symptoms in intensive care. Johnson, 55, was moved into an intensive care unit in a London hospital late on Monday after his condition had deteriorated […]
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