Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- September 25, 2020
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- September 24, 2020
- No Comments
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 […]
READ MORE
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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Fed, GBP, Sterling, UK, Uncategorised
- June 11, 2020
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 7, 2020
- No Comments
The pound rose against the dollar and euro after the Bank of England held rates steady and announced no further stimulus, as expected, and suggested Britain’s economy could bounce back by 15% in 2021. The Bank of England said it was ready to take fresh action to counter the coronavirus hammering which could cause the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 6, 2020
- No Comments
The pound recovered some losses against the dollar in early trading and rose against the euro, as investors grappled with the pound’s downside risks before the Bank of England’s meeting on Thursday. The UK has overtaken Italy to report Europe’s highest official death toll from COVID-19, the disease caused by the new coronavirus, data on […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, UK, Uncategorised
- May 5, 2020
- No Comments
Sterling gained as demand eased for U.S. dollars, allowing the pound to recover some of its 1.5% loss this month. The pound ended April up 1.4% against the dollar on the month, benefiting from seasonal factors such as the start of the UK tax year as well as corporate dividend repatriation flows. Risk appetite improved […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, EUR, GBP, Rate Alerts, Sterling, UK, Uncategorised
- May 1, 2020
- No Comments
Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. Sterling registered a 1.4% gain against the dollar in April, rallying hard last week. But with speculators turning negative on the pound for the first […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 28, 2020
- No Comments
The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide further stimulus to their economies to fight the coronavirus. Sterling has been very closely correlated with riskier assets such as stocks and when investors’ risk […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- April 27, 2020
- No Comments
The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December last year. The pound was boosted by improving global risk appetite and hopes that lockdown measures may start to be eased as the number of […]
READ MORE
