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, Brexit, coronavirus, Dollar, EUR, Fed, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 27, 2021
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Sterling edged above $1.37 ahead of comments from Federal Reserve Chair Jerome Powell, while Britain’s COVID-19 vaccine rollout also offered support to the pound. Expectations of a large U.S. fiscal stimulus package has fuelled risk sentiment in markets in recent weeks, benefiting sterling and market participants are expecting Powell to renew a commitment to ultra-easy […]
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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, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 25, 2021
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Last week we saw some strength in Sterling exchange rates with GBPEUR hitting 1.13 and GBPUSD hitting 1.3750 before pulling back at the end of the week. It seems that the “Vaccine trade” is in full force and with the UK’s so far fantastic rollout of the vaccine, there seems to be a lot of […]
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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, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 21, 2021
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Sterling has continued its climb against both EUR & USD over the past 48 hours due mainly to December Inflation figures beating expectations for both Yearly & Monthly figures. The main contributors behind the inflation numbers rising were increases in costs of Transport and computer game consoles. Projections for inflation figures through the early parts […]
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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 Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 14, 2021
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Main focus for markets throughout today will be Fed Reserve Chairman Jerome Powell’s speech later this afternoon which will provide direction for Quantitive Easing & Interest Rate’s later in the year. The U.S Dollar has risen consecutively for the last 4 days on the suggestion The Fed Reserve may start to gradually ease it’s Quantitive […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2021
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Last week the Pound saw a drop in its value against the Euro due to traders switching their attention from Brexit back to UK fundamentals where sentiment has taken a blow following the announcement of a third lockdown across the UK. Thus, making the GBP the worse performing currency of 2021 when it dropped to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, Prime Minister, UK, Uncategorised
- January 8, 2021
- No Comments
The UK and GBP have had an eventful start to 2021; with the UK-EU trade deal having been agreed, a third lockdown imposed and an optimistic rollout plan for vaccines to aid with ongoing battle against Covid-19. Gains seen from the agreement of a Brexit deal for the GBP were short-lived as the economic impacts […]
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