Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Economy, Sterling, UK, Uncategorised
- September 15, 2020
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Boris Johnson’s controversial Internal Markets Bill (IMB) made it through the first stage of the parliamentary process last night, with the Government winning the vote 340 to 263, the Bill now moves on to the Committee stage of the process where we can expect the attempt to add amendments. Boris has the votes in the […]
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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
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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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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 Brexit, coronavirus, Currency, Economy, GBP, Sterling, UK, Uncategorised
- July 14, 2020
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Britain’s economy stumbled out of its coronavirus-induced slump in May, casting doubt on the chances of a rapid rebound and suggesting more government help to kickstart recovery may be on its way. Gross domestic product rose 1.8% after lockdown restrictions were eased slightly, the Office for National Statistics said – a smaller rebound than any […]
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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 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, 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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