Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Fed, GBP, Sterling, UK, Uncategorised
- June 11, 2020
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The pound fell against the dollar and euro overnight before steadying, with the dollar lifted by a bleak economic outlook from the Federal Reserve, and Brexit and the risk of negative rates continuing to weigh on sterling. The dollar bounced against riskier currencies after the U.S. Fed’s economic outlook spooked investors. Sterling had risen against […]
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Market Update
- Posted by currencies in coronavirus, Currency, GBP, Sterling, UK, Uncategorised
- June 10, 2020
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The dollar fell against most currencies amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields in a policy decision later in the day. The main focus is a Fed policy meeting later on. While no major changes are expected, recent rises in yields have pushed up […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Sterling, UK, Uncategorised
- June 4, 2020
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Sterling set to lose recent gains against the dollar and weaken further if Britain does not ask for an extension to its Brexit transition period by a June 30 deadline to allow more time for talks on a trade deal with the EU. Talks between the two sides, aimed at setting out a new future […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- June 2, 2020
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Sterling climbed above $1.25 to its highest in a month against the dollar, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit negotiations with the European Union provided support. Britain is expected to indicate flexibility over fisheries and trade rules if the European Union agrees to lessen […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Rate Cuts, UK, Uncategorised
- June 1, 2020
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The pound rose against a broadly weaker dollar in early this morning as Britain eased some lockdown restrictions, but the market’s net short position on sterling is the largest in more than five months. New rules designed to ease the lockdown in England came into force today, even though scientists warned that, in the absence […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, UK, Uncategorised
- May 28, 2020
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The pound was flat against the dollar and euro in early London trading, near the lows reached the days before on reports that Brexit talks are at an impasse. Sterling fell 1% after Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, UK, Uncategorised
- May 26, 2020
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The pound rose against overnight and continued to gain in early London trading, after Prime Minister Boris Johnson set out plans to reopen thousands of high street shops, department stores and shopping centres next month. Johnson said at a news conference on Monday that outdoor markets and car showrooms could reopen from June 1 and […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Retail Sales, UK, Uncategorised
- May 22, 2020
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Sterling edged lower against both the U.S. dollar and the euro as fresh data showed retail sales fell by a record 18% as the coronavirus crisis hammered the economy and while U.S.- China tensions boosted demand for the dollar. British retail sales fell by the most on record in April due to the lockdown. In […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, UK, Uncategorised
- May 21, 2020
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Sterling edged up against the U.S. dollar but fell versus the euro as clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four years. The drop in inflation fuelled speculation that the Bank of England (BoE) would cut interest rates below zero to bolster an economy hammered by […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Sterling, UK, Uncategorised
- May 20, 2020
- No Comments
Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also slid. The consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, official data showed on Wednesday, broadly in […]
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