Market Update
- Posted by currencies in Brexit, coronavirus, UK, Uncategorised
- May 4, 2020
- No Comments
The pound fell to its lowest level since last Wednesday overnight, driven by a stronger dollar as China-U.S. relations worsened. The U.S. government made a renewed effort to blame China for the coronavirus outbreak. Secretary of State Mike Pompeo said on Sunday there was evidence the virus, which has killed nearly a quarter of a […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, EUR, GBP, Rate Alerts, Sterling, UK, Uncategorised
- May 1, 2020
- No Comments
Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. Sterling registered a 1.4% gain against the dollar in April, rallying hard last week. But with speculators turning negative on the pound for the first […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 28, 2020
- No Comments
The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide further stimulus to their economies to fight the coronavirus. Sterling has been very closely correlated with riskier assets such as stocks and when investors’ risk […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- April 27, 2020
- No Comments
The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December last year. The pound was boosted by improving global risk appetite and hopes that lockdown measures may start to be eased as the number of […]
READ MORE
Market Update
- Posted by currencies in coronavirus, Sterling, UK, Uncategorised
- April 24, 2020
- No Comments
Sterling slipped against the dollar after data showed the biggest drop in British retail sales on record, adding to fears about the economic impact of the coronavirus pandemic. Official figures showed sales volumes fell by 5.1% in March, reflecting the hit from the coronavirus shutdown which closed many businesses in the second half of the […]
READ MORE
UK Data Near 30 Year Lows
- Posted by currencies in coronavirus, GBP, Sterling, UK, Uncategorised
- April 23, 2020
- No Comments
The pound was flat this morning before the release of preliminary UK PMI data for April, which was expected to show a sharp decline in economic activity as the coronavirus lockdown brings British business to a halt. At 32.9 in April, down from 47.8 in March, the UK Manufacturing Purchasing Managers’ Index– a composite single-figure […]
READ MORE
Market Update
- Posted by currencies in coronavirus, Currency, UK, Uncategorised
- April 22, 2020
- No Comments
The pound fell to its lowest in two weeks against both the dollar and the euro as investors sought safe haven currencies following a crash in oil prices. U.S. oil futures turned negative for the first time ever on Monday, causing the dollar to rise to near two-week highs against a basket of assets as […]
READ MORE
Market Update
- Posted by currencies in UK, Uncategorised
- April 20, 2020
- No Comments
Currency markets were a lot calmer this past week, which is a welcome change after the Covid-related convulsions of the past two months. As some countries start to ease up their Covid lockdown restrictions, markets will focus on the evolution of contagion data there. Preliminary April PMI indices of business activity will be released in […]
READ MORE
Market Update
- Posted by currencies in coronavirus, Currency, Sterling, UK, Uncategorised
- April 17, 2020
- No Comments
Sterling remained steady this morning, it only fell slightly against the broad-based stronger dollar, after the UK said it would extend its coronavirus lockdown for at least three more weeks. Foreign Secretary Dominic Raab said Britain could not risk the progress it had made in fighting the outbreak by easing up on restrictions at this […]
READ MORE
Market Update
- Posted by currencies in coronavirus, Sterling, UK, Uncategorised
- April 16, 2020
- No Comments
The pound has steadied off this morning, slipping slightly against the dollar but holding recent gains against the euro, ahead of an expected announcement about an extension of Britain’s lockdown imposed to curb the spread of coronavirus. The British government is expected to announce that it will extend the lockdown in the UK for a […]
READ MORE
