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 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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Market Update
- Posted by currencies in Bank of England, Brexit, Rate Cuts, UK, Uncategorised
- June 1, 2020
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The pound rose against a broadly weaker dollar in early this morning as Britain eased some lockdown restrictions, but the market’s net short position on sterling is the largest in more than five months. New rules designed to ease the lockdown in England came into force today, even though scientists warned that, in the absence […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, UK, Uncategorised
- May 28, 2020
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The pound was flat against the dollar and euro in early London trading, near the lows reached the days before on reports that Brexit talks are at an impasse. Sterling fell 1% after Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, UK, Uncategorised
- May 26, 2020
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The pound rose against overnight and continued to gain in early London trading, after Prime Minister Boris Johnson set out plans to reopen thousands of high street shops, department stores and shopping centres next month. Johnson said at a news conference on Monday that outdoor markets and car showrooms could reopen from June 1 and […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Retail Sales, UK, Uncategorised
- May 22, 2020
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Sterling edged lower against both the U.S. dollar and the euro as fresh data showed retail sales fell by a record 18% as the coronavirus crisis hammered the economy and while U.S.- China tensions boosted demand for the dollar. British retail sales fell by the most on record in April due to the lockdown. In […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Sterling, UK, Uncategorised
- May 20, 2020
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Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also slid. The consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, official data showed on Wednesday, broadly in […]
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