Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 28, 2020
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Britain may be heading for a no-deal Brexit in three months, but among traders in London the feeling so far is one of deja vu rather than a panicky rush to dump UK assets. After Britain threatened to ditch parts of its European Union divorce deal this month, markets are pricing in a 40%-45% chance […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- September 24, 2020
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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 […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 23, 2020
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Sterling hovered near two-month lows as British Prime Minister Boris Johnson unveiled long-lasting restrictions to tackle a second wave of the coronavirus. New measures, which included extending the use of face coverings, curfews on pubs, bars and restaurants and larger fines for rule-breakers, could be in place for six months, Johnson warned. Service is a […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- September 22, 2020
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. The pound slipped to two-month lows against the dollar ahead of a fresh set of mobility restrictions to be imposed by British Prime Minister Boris Johnson to tackle the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Fed, GBP, No Deal, Sterling, UK, Uncategorised
- September 17, 2020
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The Bank of England is expected to signal that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock. The BoE has already cut interest rates to a record low 0.1% and ramped up its bond-buying programme to almost $1 […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- September 14, 2020
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The pound rose against the dollar and euro, stabilising somewhat after recent falls, as investors waited for a key Brexit vote. Sterling had its worst week in six months last week, as investors grew more pessimistic about the chances of a Brexit deal being reached before the December 2020 deadline. Britain threw Brexit talks into […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 11, 2020
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Britain’s economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level. After crashing by a record 20% in the second quarter, output expanded by 6.6% in July, slower than June’s monthly rate, the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 10, 2020
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Sterling hit a six-week low below $1.29 before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life, stoking concern that trade talks with the European Union could be derailed. The text of the legislation – called the Internal Market Bill – acknowledged “inconsistency” with international law and prompted a rapid rebuke from […]
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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, GBP, Sterling, UK, Uncategorised
- July 17, 2020
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The pound eased slightly in early London trade, set for its biggest weekly fall versus the dollar in a month, as uncertainty over Britain’s economy, difficult Brexit talks and a heavy COVID-19 death toll weighed on the currency. The pound is on track to be the worst performing G10 currency this week, after weaker economic […]
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