Market Update
- Posted by currencies in coronavirus, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 8, 2020
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British Prime Minister Boris Johnson spent a second night in intensive care and was in a stable condition after receiving oxygen support for COVID-19 complications while his foreign minister directs the country’s battle against the outbreak. The markets focus remains on the health of our PM. Otherwise, the Treasury Select Committee will be taking evidence […]
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Market Update
- Posted by currencies in coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 7, 2020
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Sterling rallied with a broad rebound in risk markets encouraging some selling of the dollar, while traders awaited news on British Prime Minister Boris Johnson, who is fighting worsening coronavirus symptoms in intensive care. Johnson, 55, was moved into an intensive care unit in a London hospital late on Monday after his condition had deteriorated […]
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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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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2020
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Sterling has recovered from considerable losses that it suffered from earlier in the month which coincided with the global effect that COVID-19 has placed on the world’s economy. With the virus taking its toll on the UK with 14,000 cases and more than 1,000 deaths, it’s hard to currently see that reaching an agreement with […]
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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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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 24, 2020
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On Monday, ahead of opening, the US federal reserve announced its largest-ever quantitative easing programme. Just eight days ago, they announced that they would pump an additional $700bn into the markets which they have already burned through. As a result, they have introduced an open-ended QE programme in which they will be purchasing unlimited treasuries […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Home, Inflation, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 23, 2020
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The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese Yen. The worst punishment was meted […]
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GBP Extends Losses
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 18, 2020
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GBP had a mixed day Tuesday, extending losses against the USD to hit the lowest level since September 2019 after Trump oversaw a commitment to pledge $850 billion to support the economy in Payroll, Tax Cuts and extended support to the airline industry which has suffered hugely since the Coronavirus Outbreak. Sterling recovered slightly late […]
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US Slash Rates To Near Zero
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 16, 2020
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Ahead of the open of Asian markets late last night, the US Federal Reserve slashed interest rates by 100bp, taking the target range for the benchmark rate to 0-0.25%. Alongside, the Fed also announced that it would restart QE asset purchases by buying $500bn of Treasuries and $200bn of mortgage-backed securities. The move followed a […]
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