Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 4, 2021
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All eyes are on the Bank of England today, as GBP weakens slightly with the upcoming decision on Interest Rates expected at Midday. GBP has dropped off slightly showing some nervousness towards the possibility of negative interest rates being mentioned in the near term to counter-act the fragility of The UK economy. Factors leading to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 1, 2021
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The British pound rose back towards its recent three-year high, boosted by a combination of heightened global risk appetite and optimism about the UK’s vaccine rollout. Riskier currencies gained against the dollar, which edged lower as global market sentiment was lifted by an equity rally in the Asian session. The pound strengthened even more than […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, election, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 28, 2021
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GBP has fallen this morning against major currencies off the back of comments from Boris Johnson yesterday that seem to suggest the current lockdown in The United Kingdom will be extended until at least the 8th of March. This decision has been driven by the fact that the PM believes if the drop in cases […]
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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 Brexit, coronavirus, Dollar, Economy, EUR, Prime Minister, Sterling, UK, Uncategorised
- January 18, 2021
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Sterling exchange rates ended lower against the Euro and Dollar on Friday after a few days of strength against most G10 currencies. The reason for the initial strength last week was the Bank of England indicating that the chances of negative interest rates were now lower than anticipated in 2020- which is positive for Sterling. […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 5, 2021
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Britain began its third COVID-19 lockdown with citizens under orders to stay at home and the government calling for one last major national effort to contain the virus before mass vaccinations turn the tide. Prime Minister Boris Johnson announced the lockdown late on Monday saying the highly contagious new coronavirus variant first identified in Britain […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Economy, Prime Minister, Sterling, UK, Uncategorised
- December 18, 2020
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The British pound fell, reversing some of its recent gains, as EU chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with London. Market confidence had risen sharply this week that the two sides will clinch a deal, which would ensure that the goods trade which makes […]
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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 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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