GBP The pound initially edged up on Thursday after Rishi Sunak’s announcement of stimulus to kick-start the British economy. However as the day progressed, Brexit risks and general uncertainty weighed on the pound. Chancellor Sunak promised an additional thirty billion pounds worth of measures to help the coronavirus-stricken economy, with particular emphasis on getting furloughed […]
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Based in the heart of London’s financial district Canary Wharf, RationalFX has traded over $10billion in currencies across the globe. Take advantage of our competitive exchange rates, market expertise, suite of FX products and online payment platform when you make bank to bank transfers in over 50 currencies worldwide.
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Market News and Analysis
GBP Chancellor Sunak yesterday announced his £30bn support package for the UK economy with 11 million jobs being protected with further measures to come in Autumn’s budget. Sunak announced a job retention bonus of £1,000 per employee for companies who bring employees back to work if they are employed up until at least January 2021. […]
GBP Sterling rose to three week highs against both the EUR and USD yesterday amid renewed optimism a Brexit trade deal can be reached by the end of this year following reports that the EU are willing to make concessions on their fisheries policy. Fishing rights have been a key stumbling block in UK-EU trade […]
GBP Sterling had a mixed start to the week yesterday, as traders continue to look ahead to this month’s Brexit negotiations and to expected government support measures. There was also data released showing that British construction companies returned to growth in June for the first time since the coronavirus hit. Chancellor Rishi Sunak makes his […]
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