GBP Sterling managed to rally for the majority of Tuesday after market investors seemed to switch back to a more risk on attitude. This comes despite the fact that Prime Minister Boris Johnson remains in intensive care. There won’t be an injection of sudden confidence into the market whilst the UK leader is currently incapacitated, […]
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Market News and Analysis
GBP Sterling fell on Monday after it was announced that Prime Minister Boris Johnson was being sent to intensive care due to persistent Coronavirus symptoms. During this time, Foreign Secretary Dominic Raab will be deputising for him and investors are unsure on how this will affect the Covid-19 response. One thing is for sure, markets […]
GBP Sterling ended Friday lower against both the EUR and USD. The move lower was a result of investors losing appetite for sterling following the release of the latest U.K. services PMI data, which showed the lowest level of activity since records began. The reading of 34.5 was well below market expectations of 37.1 as […]
GBP Sterling moved to a three-week high versus the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global market swings that weakened the euro broadly. The pound has recently rebounded after crashing amid corona-virus-driven panic in global markets last month to levels not seen in more than […]
Rates shown above are Interbank rates which show where the wider market is currently trading and aren’t indicative of the currency rates we can offer. For current availability rates and to view more currencies, please log in to your online account or contact us. Rates are provided by TradingView.