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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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 14, 2021
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Main focus for markets throughout today will be Fed Reserve Chairman Jerome Powell’s speech later this afternoon which will provide direction for Quantitive Easing & Interest Rate’s later in the year. The U.S Dollar has risen consecutively for the last 4 days on the suggestion The Fed Reserve may start to gradually ease it’s Quantitive […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2021
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Last week the Pound saw a drop in its value against the Euro due to traders switching their attention from Brexit back to UK fundamentals where sentiment has taken a blow following the announcement of a third lockdown across the UK. Thus, making the GBP the worse performing currency of 2021 when it dropped to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, Prime Minister, UK, Uncategorised
- January 8, 2021
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The UK and GBP have had an eventful start to 2021; with the UK-EU trade deal having been agreed, a third lockdown imposed and an optimistic rollout plan for vaccines to aid with ongoing battle against Covid-19. Gains seen from the agreement of a Brexit deal for the GBP were short-lived as the economic impacts […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 7, 2021
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GBP has recovered it’s overnight losses against The US Dollar with the confirmation of Joe Biden as The US President. It is strongly believed that Biden’s policies around The U.S Budget and Trade deficit will lay heavily on The U.S Dollar in the near term. Sterling has failed to rally against The EUR since The […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 6, 2021
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Sterling edged higher for a second consecutive session as the U.S. dollar weakened after Democrats took the lead in runoff votes that will determine control of the U.S. Senate. Market watchers believe a Democrat-controlled Senate would help economic growth globally and thus riskier assets but drag down bonds and the dollar as the U.S. budget […]
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- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 5, 2021
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Britain began its third COVID-19 lockdown with citizens under orders to stay at home and the government calling for one last major national effort to contain the virus before mass vaccinations turn the tide. Prime Minister Boris Johnson announced the lockdown late on Monday saying the highly contagious new coronavirus variant first identified in Britain […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 24, 2020
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Sterling extended gains this morning and appears set for another push higher as traders waited confirmation that Britain and the European Union had finally clinched a deal to govern their trading relationship when the Brexit transition ends on Dec. 31. There is yet no official confirmation of a deal, but sources say a deal is […]
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- Posted by currencies in Brexit, coronavirus, Economy, Prime Minister, Sterling, UK, Uncategorised
- December 18, 2020
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The British pound fell, reversing some of its recent gains, as EU chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with London. Market confidence had risen sharply this week that the two sides will clinch a deal, which would ensure that the goods trade which makes […]
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