Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 29, 2021
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Sterling endured a setback towards the middle of the week but then recovered through Thursday as currencies reacted to the ups and downs in global equity and commodity markets, confirming the growing importance of the global picture for the UK currency. The near-term outlook for the Pound will therefore likely depend on how broader markets trade, and whether the […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 26, 2021
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Sterling fell to its lowest in a week against the dollar and traded near one-week lows against the euro as more subdued risk sentiment across broader asset markets weighed on the currency. Broader equity markets as measured by MSCI’s All Country World Index and Wall Street futures were lower, giving the dollar a lift, while […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2021
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GBP climbed against the Euro & US Dollar yesterday reaching 1.1324 and 1.3745 respectively, reaching a new 8 month high. The Pound remains well supported with a combination of rising global markets and a strong vaccine rollout. Moving on from yesterday’s gains; GBP has seen a retracement in line with a broader turn lower for […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 10, 2020
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The Brexit-battered pound extended its losses against the dollar and the euro, as investors became more cautious about the risk of Britain and the EU failing to agree on a Brexit deal, with just three weeks until the Dec. 31 deadline. The pound dropped not long after 10pm on Wednesday, when a dinner between UK […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 8, 2020
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Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies, falling broadly as caution grew among investors awaiting the outcome of Brexit trade deal talks that have come down to the wire. With only three weeks to go for Britain to fully complete its exit from the European Union, […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- December 7, 2020
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Post-Brexit trade talks hung in the balance this morning as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in just 24 days. With growing fears of no-deal chaos after the United Kingdom finally leaves the EU’s orbit on Dec. 31, […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 3, 2020
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Sterling held on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that Britain and the European Union can strike a Brexit deal before the country’s transition out of the bloc ends in four weeks’ time. The EU’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations were […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 30, 2020
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Sterling hovered above $1.33 as traders clung to hopes that Britain and the European Union would soon seal a long-awaited Brexit trade deal, even as the clock ticked down on the Brexit transition period. The United Kingdom exits the EU’s orbit on Dec. 31 and both sides are demanding concessions from the other on fishing, […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 13, 2020
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Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s broad coronavirus job protection plan. Economists polled had expected the jobless rate to rise more slowly, to 4.3% from 4.1% in the three months to […]
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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
- No Comments
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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