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 Brexit, coronavirus, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 8, 2020
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Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies, falling broadly as caution grew among investors awaiting the outcome of Brexit trade deal talks that have come down to the wire. With only three weeks to go for Britain to fully complete its exit from the European Union, […]
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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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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 3, 2020
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Sterling held on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that Britain and the European Union can strike a Brexit deal before the country’s transition out of the bloc ends in four weeks’ time. The EU’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations were […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 30, 2020
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Sterling hovered above $1.33 as traders clung to hopes that Britain and the European Union would soon seal a long-awaited Brexit trade deal, even as the clock ticked down on the Brexit transition period. The United Kingdom exits the EU’s orbit on Dec. 31 and both sides are demanding concessions from the other on fishing, […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Dollar, election, EUR, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 19, 2020
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The British pound held above a 10-day low as investors cut their holdings with British and European negotiators scrambling to salvage post-Brexit trade talks. British Prime Minister Boris Johnson said on Friday there was no point in continuing talks and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on Dec. […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 13, 2020
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Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s broad coronavirus job protection plan. Economists polled had expected the jobless rate to rise more slowly, to 4.3% from 4.1% in the three months to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- October 12, 2020
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UK PM Boris Johnson is expected to announce a new three-tier lockdown system later today in a further effort to stem the spread of Covid-19. The new system will allow the government to put certain areas in lockdown depending on the current infection rate and will prevent a further national lockdown from happening. While the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 5, 2020
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Sterling fell against the euro, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon conclude a Brexit deal. Versus the U.S. dollar, the pound was in neutral territory. British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula […]
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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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