GBP Extends Losses
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 18, 2020
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GBP had a mixed day Tuesday, extending losses against the USD to hit the lowest level since September 2019 after Trump oversaw a commitment to pledge $850 billion to support the economy in Payroll, Tax Cuts and extended support to the airline industry which has suffered hugely since the Coronavirus Outbreak. Sterling recovered slightly late […]
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US Slash Rates To Near Zero
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 16, 2020
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Ahead of the open of Asian markets late last night, the US Federal Reserve slashed interest rates by 100bp, taking the target range for the benchmark rate to 0-0.25%. Alongside, the Fed also announced that it would restart QE asset purchases by buying $500bn of Treasuries and $200bn of mortgage-backed securities. The move followed a […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 10, 2020
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Oil prices fell by around 30% over the weekend, due to the ongoing disagreement between Russia and Saudi Arabia over the production of oil as lower prices have begun to affect orders. The talks ended with Saudi Arabia threatening to lower their prices by $6 to wipe out their competitors during tough times that the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Rate Cuts, Sterling, UK, Uncategorised
- March 9, 2020
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GBP conceded its fourth consecutive weekly loss against the EUR last week due to a combination of pessimistic Brexit Talks and increasing concerns surrounding the Coronavirus. The EUR has been the best performing currency over the past 7 days, mainly due to “carry trades” between the EUR & USD. Expectations suggest this could also happen […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- March 6, 2020
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The Fed cut interest rates by 50 basis points on Tuesday, its first emergency rate cut since the financial crisis and collapse of Lehman Brothers in 2008. The cut was a precautionary measure to help ease the potential impact that the recent outbreak of coronavirus may have on the economy. The euro also hit its […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 4, 2020
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Sterling has dipped against the U.S. Dollar and Euro, as an unexpected rate cut from the U.S. Federal Reserve fuelled expectations the Bank of England could follow suit to protect the economy from the fallout of the coronavirus outbreak. Some analysts are expecting we could see an emergency cut for the BoE this week. The […]
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Sterling Drops To 4 Month Lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 3, 2020
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Pound sterling has now hit a four and a half month low wiping out the gains we have had after the signing of the Brexit deal and massive election victory in the space of five days going from highs of 1.20 on the Euro down to now 1.1438. The main reason being is that investors […]
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Pound Plummets
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2020
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GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price in a Bank of England rate cut in the coming months. The government could now put off plans to increase its spending due to uncertainty […]
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Coronavirus Fears Impact The Markets
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- February 26, 2020
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GBP rose by 0.5% against the USD yesterday reaching over 1.30 for a 1 week high, with the likelihood of a rate cut by The U.S. rising week by week. The main factor has been increased fears of the true economic damage caused to The U.S. by The Coronavirus. Consumer confidence missing expectations is also […]
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Trade Deal Talks Begin
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 25, 2020
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EU ministers will meet today to discuss how to open to trade deal negotiations, which will start on March 02. They are expecting the mandate to be based on EU rules. The mandate will dictate how many EU rules that the UK will stick to secure a free trade deal. The main rules the Eu […]
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