Market Update
- Posted by currencies in Brexit, coronavirus, Economy, GBP, Prime Minister, Sterling, UK, Uncategorised
- August 5, 2020
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Sterling edged lower erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second wave of virus infections and a Bank of England policy meeting later this week capped the pound’s advance. The move lower reversed a trend earlier in the session where the pound had been advancing towards a five-month […]
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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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Britain’s economy shrank by a record 5.8%
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Economy, GBP, Rate Cuts, Sterling, UK, Uncategorised
- May 13, 2020
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Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the spread of the virus, official data showed this morning. In the first three months of the year, gross domestic product contracted by 2.0% from the […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- April 15, 2020
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The pound slipped this morning, falling back from its monthly highs against the dollar and euro, after a dire global economic forecast from the International Monetary Fund diminished risk appetite broadly, boosting the dollar. The global economy is expected to shrink by 3.0% during 2020 in a coronavirus-driven collapse of activity that will mark the […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 14, 2020
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Sterling rose to one-month highs versus the dollar and euro today, as hopes lockdowns may be slowing the spread of the coronavirus pandemic strengthened currencies seen as riskier bets. The pound has benefited from improved risk sentiment this month as some economies consider reopening and their coronavirus cases slow, even as experts warn Britain may […]
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Market Update
- Posted by currencies in coronavirus, Currency, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 6, 2020
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The latest statistics suggested a slowdown in the rate of covid-19 fatalities. FX has seen a more muted reaction, with most of the G10 currencies within 0.50% of Friday’s close. Oil focussed currencies like CAD, NOK have been more volatile around OPEC+ headlines, and whether they will agree a new supply constraint deal or not […]
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Sterling Rebounds
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 27, 2020
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Sterling is on track for its biggest daily gain in three years, rebounding more than 2% as grim U.S. unemployment data weakened the dollar across the board. The pound is trading above $1.21, after falling as low as $1.14 last week, levels not seen since 1985. It is heading for its best week since 2009, […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 26, 2020
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The US Senate voted unanimously to approve to $2 trillion stimulus package to combat the economic impact of Covid-19. It includes business loans and direct payments to individuals. The House of Representatives is scheduled to vote on it on Friday. Market reaction was limited, as risk assets had already rallied in anticipation. Official UK February […]
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