Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Rate Cuts, Sterling, UK, Uncategorised
- October 6, 2020
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Sterling climbed against the dollar for the first time in three weeks as investors pushed back expectations for when the Bank of England would cut interest rates below zero. Money markets pushed back bets that Britain’s interest rates would turn negative, with investors now seeing rates falling below zero in May 2021. Previously they had […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 5, 2020
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Sterling fell against the euro, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon conclude a Brexit deal. Versus the U.S. dollar, the pound was in neutral territory. British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 30, 2020
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Sterling fell this morning after Britain’s lower house of parliament approved legislation on Tuesday that gives ministers the power to break its divorce agreement with the European Union. The UK Internal Market Bill, which ministers acknowledge breaks international law, was approved by 340 votes to 256 in the House of Commons and now passes to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 29, 2020
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The British pound rose more than 1% yesterday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the bloc. The EU and Britain kicked off a decisive week of talks on Monday but cautioned that a deal was still some […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 28, 2020
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Britain may be heading for a no-deal Brexit in three months, but among traders in London the feeling so far is one of deja vu rather than a panicky rush to dump UK assets. After Britain threatened to ditch parts of its European Union divorce deal this month, markets are pricing in a 40%-45% chance […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- September 25, 2020
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British consumer confidence ticked up in September to its highest level since the coronavirus lockdown started in March, but it remains well below its pre-pandemic levels, a survey showed this morning. The GfK Consumer Confidence Barometer rose unexpectedly to -25 in September from -27 in August. A poll of economists had pointed to an unchanged […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- September 24, 2020
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Sterling had a turnaround of fortunes towards the end of the European session on Wednesday, rising as much as 0.6% against a weaker euro, with investors seeing some room for cautious optimism over the impending Brexit deadline. Sterling had been falling for the fifth consecutive day against the euro and was at nearly two-month lows […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 23, 2020
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Sterling hovered near two-month lows as British Prime Minister Boris Johnson unveiled long-lasting restrictions to tackle a second wave of the coronavirus. New measures, which included extending the use of face coverings, curfews on pubs, bars and restaurants and larger fines for rule-breakers, could be in place for six months, Johnson warned. Service is a […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- September 22, 2020
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. The pound slipped to two-month lows against the dollar ahead of a fresh set of mobility restrictions to be imposed by British Prime Minister Boris Johnson to tackle the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 21, 2020
- No Comments
With latest reports showing global cases rising above the 30 million mark, prompting the WHO to warn that renewed increases in Europe are a “wake-up call”, the prospect of further lockdown measures being implemented remains a real threat. The same is true for the UK, which along with ongoing Brexit uncertainty, represents key risks for […]
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