Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, UK, Uncategorised
- June 30, 2020
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Sterling retreated against a broadly firmer dollar, as investors awaited confirmation of the government’s spending plans to lift an economy that posted its biggest contraction in 40 years in early-2020. The pound is already under pressure from fears that Britain will fail to clinch a trade deal with the European Union by the end-2020 deadline. […]
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Market Update
- 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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Market Update
- 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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Market Update
- 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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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, UK, Uncategorised
- June 17, 2020
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Sterling has dropped slightly after data showed inflation fell to its lowest level since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and caused oil prices to tumble. Low inflation would give the Bank of England space to ramp up its stimulus programme again when its policymakers meet on […]
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Market Update
- 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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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Fed, GBP, Sterling, UK, Uncategorised
- June 11, 2020
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The pound fell against the dollar and euro overnight before steadying, with the dollar lifted by a bleak economic outlook from the Federal Reserve, and Brexit and the risk of negative rates continuing to weigh on sterling. The dollar bounced against riskier currencies after the U.S. Fed’s economic outlook spooked investors. Sterling had risen against […]
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Market Update
- Posted by currencies in coronavirus, Currency, GBP, Sterling, UK, Uncategorised
- June 10, 2020
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The dollar fell against most currencies amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields in a policy decision later in the day. The main focus is a Fed policy meeting later on. While no major changes are expected, recent rises in yields have pushed up […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Sterling, UK, Uncategorised
- June 4, 2020
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Sterling set to lose recent gains against the dollar and weaken further if Britain does not ask for an extension to its Brexit transition period by a June 30 deadline to allow more time for talks on a trade deal with the EU. Talks between the two sides, aimed at setting out a new future […]
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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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