Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, EUR, GBP, Prime Minister, UK, Uncategorised
- January 8, 2021
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The UK and GBP have had an eventful start to 2021; with the UK-EU trade deal having been agreed, a third lockdown imposed and an optimistic rollout plan for vaccines to aid with ongoing battle against Covid-19. Gains seen from the agreement of a Brexit deal for the GBP were short-lived as the economic impacts […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 7, 2021
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GBP has recovered it’s overnight losses against The US Dollar with the confirmation of Joe Biden as The US President. It is strongly believed that Biden’s policies around The U.S Budget and Trade deficit will lay heavily on The U.S Dollar in the near term. Sterling has failed to rally against The EUR since The […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- January 6, 2021
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Sterling edged higher for a second consecutive session as the U.S. dollar weakened after Democrats took the lead in runoff votes that will determine control of the U.S. Senate. Market watchers believe a Democrat-controlled Senate would help economic growth globally and thus riskier assets but drag down bonds and the dollar as the U.S. budget […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 5, 2021
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Britain began its third COVID-19 lockdown with citizens under orders to stay at home and the government calling for one last major national effort to contain the virus before mass vaccinations turn the tide. Prime Minister Boris Johnson announced the lockdown late on Monday saying the highly contagious new coronavirus variant first identified in Britain […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 24, 2020
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Sterling extended gains this morning and appears set for another push higher as traders waited confirmation that Britain and the European Union had finally clinched a deal to govern their trading relationship when the Brexit transition ends on Dec. 31. There is yet no official confirmation of a deal, but sources say a deal is […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Economy, Prime Minister, Sterling, UK, Uncategorised
- December 18, 2020
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The British pound fell, reversing some of its recent gains, as EU chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with London. Market confidence had risen sharply this week that the two sides will clinch a deal, which would ensure that the goods trade which makes […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 17, 2020
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Positive soundings from the European Union on Brexit talks helped lift the British pound above $1.35 and to its highest level against the dollar since May 2018. The EU’s chief executive said she could not say if there would be a trade deal with Britain but there had been progress and the next few days […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- December 15, 2020
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The pound stabilised after Monday’s sharp rebound as market participants grew more optimistic about the chances of a Brexit deal, but implied volatility gauges pointed to further price swings ahead as the Dec. 31 Brexit deadline approaches. Sterling dropped to as low as $1.3135 last Friday and implied volatility surged to its highest since March, […]
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Market Update
- Posted by currencies in Brexit, coronavirus, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 14, 2020
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Sterling kept overnight gains against the dollar and the euro, as talks for a post-Brexit trade deal between Britain and the European Union were set to continue after the two sides decided to extend discussions beyond the previous day’s deadline. British Prime Minister Boris Johnson and the president of the EU’s executive Commission, Ursula von […]
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Market Update
- Posted by currencies in Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 11, 2020
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Sterling fell further this morning and implied volatility surged as markets increasingly price the risk of the UK crashing out of the European Union at the end of the month with no trading arrangements in place. Prime Minister Boris Johnson said there was “a strong possibility” Britain and the EU would fail to strike a […]
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