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 Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 21, 2020
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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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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- September 18, 2020
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The pound fell after the Bank of England said it had briefed monetary policymakers on how a negative interest rate could be brought in, before recovering most of the lost ground in later trading. The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain’s economy had performed better […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Fed, GBP, No Deal, Sterling, UK, Uncategorised
- September 17, 2020
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The Bank of England is expected to signal that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock. The BoE has already cut interest rates to a record low 0.1% and ramped up its bond-buying programme to almost $1 […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 16, 2020
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The British pound held within striking distance of a two-month low before a Bank of England decision on Thursday against the backdrop of a darkening outlook for the economy. While the central bank is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising for the economy […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- September 14, 2020
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The pound rose against the dollar and euro, stabilising somewhat after recent falls, as investors waited for a key Brexit vote. Sterling had its worst week in six months last week, as investors grew more pessimistic about the chances of a Brexit deal being reached before the December 2020 deadline. Britain threw Brexit talks into […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 11, 2020
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Britain’s economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level. After crashing by a record 20% in the second quarter, output expanded by 6.6% in July, slower than June’s monthly rate, the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 10, 2020
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Sterling hit a six-week low below $1.29 before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life, stoking concern that trade talks with the European Union could be derailed. The text of the legislation – called the Internal Market Bill – acknowledged “inconsistency” with international law and prompted a rapid rebuke from […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Prime Minister, Sterling, UK, Uncategorised
- August 10, 2020
- No Comments
Upcoming jobs data out of the United Kingdom could spark a reversal in GBP/USD rates, should the unemployment rate in June exceed the consensus forecast 4.2%. This economic data may hold substantially more weight than usual when considering the ongoing tapering and ultimate cessation of the British government’s £33.8 billion furlough scheme in October. Given […]
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