Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, Sterling, UK, Uncategorised
- July 30, 2020
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Sterling rose against a weaker euro but fell versus the dollar after the $1.30 level reached late in the previous session did not hold, with Brexit and the economic fallout from coronavirus weighing on the currency. Global market sentiment was boosted after the head of the U.S. Federal Reserve, Jerome Powell, said the bank would […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- July 24, 2020
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The pound slipped this morning and data pointing to a recovery in British retail sales did little to support it, as investors focused on the lack of progress in trade talks with the European Union. Retail sales recovered to almost pre-lockdown measures in June, with sales volumes exceeding all forecasts in a poll of economists. […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- July 17, 2020
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The pound eased slightly in early London trade, set for its biggest weekly fall versus the dollar in a month, as uncertainty over Britain’s economy, difficult Brexit talks and a heavy COVID-19 death toll weighed on the currency. The pound is on track to be the worst performing G10 currency this week, after weaker economic […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- July 16, 2020
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The British pound slipped as risk aversion swept through markets, boosting the safe-haven appeal of the U.S. dollar as upbeat Chinese growth data failed to lift sentiment. Against the dollar, the pound slipped a quarter of a percent to $1.2556, even though data showed the slide in Britain’s jobs market eased in June. We still […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Sterling, UK, Uncategorised
- July 8, 2020
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Sterling was steady this morning, a day after hitting three-week highs against both the dollar and euro, ahead of expected British moves to prevent a full-blown unemployment crisis. In his new budget speech, due at 1130 GMT, British finance minister Rishi Sunak is expected to include a 2 billion-pound fund to create six-month work placement […]
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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 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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