18/02/2021

Sterling’s run of strength continues

GBP Sterling’s run of strength continued as inflation data beat expectations yesterday further pushing the already surging currency supported by very positive numbers regarding the vaccine rollout. Inflation figures being higher than expected also again reduces the likelihood of negative interest rates. Sterling is currently on a run of 6 straight week of gains against … Read more

17/02/2021

Vaccine rollout continues to push Sterling higher

GBP Sterling continues to strengthen as the impressive vaccine rollout edges the pound higher against major currencies. The pound hit a 9 month high against the Euro on Monday and there is growing expectation that the pound could surge further against the Euro and other major currencies. The pound is also being boosted by an … Read more

16/02/2021

Positive vaccine sentiment lifts Sterling

GBP Sterling posted fresh highs against both the euro and dollar yesterday as positive vaccine sentiment and optimism for an end to the third national lockdown helped boost the pound. The move higher which saw GBP-USD trading at 34 month highs and GBP-EUR at 9 month highs follows comments over the weekend from British Prime … Read more

15/02/2021

Sterling outperforms G10 currencies

GBP Last week the pound continued to be the best performing currency of its G10 counterparts and has remained at multi month high against the USD and Euro. This was positive news given the backdrop of not so perfect economic data. The pound continues to be supported by the so far successful vaccine rollout which … Read more

12/02/2021

Sterling hesitant to push high against Euro and Dollar

GBP Currency markets look hesitant to push GBP further than its recent highs against both Euro and Dollar. Sterling still looks an attractive buy with continued hopes on the success of the UK vaccination program. The Euro is also benefiting heavily from this period of US Dollar weakness. Some potential worry for Sterling are the … Read more

11/02/2021

Sterling maintains position as top performing G10 currency of 2021

GBP The pound has retained its position as the 2021’s top performing G10 currencies, despite fears around the impact of trade disruption caused by Brexit. Support has come from the UK’s successful vaccine rollout, the greater chances of an economic recovery as a result and last week’s Bank of England meeting where it was realised … Read more

10/02/2021

Vaccination program continues to boost Sterling

GBP Sterling traded close to recent highs against the euro and posted its best levels since April 2018 against the dollar as the UK’s impressive Covid vaccination programme continued to be supportive for the British currency. According to the latest figures 352,480 people received a vaccination on Tuesday taking the total percentage of people vaccinated … Read more

02/02/2021

UK’s vaccine rollout keeps sterling supported

GBP Pound Sterling has risen against the dollar for four months in a row for the first time since 2012, and forecasters expect this to continue as the vaccination program continues to step and boost the chances of an economic rebound. This confidence is not driven by sentiment alone, around 9 million people have been … Read more

25/01/2021

Sterling struggles to hold its gains

GBP Sterling struggled to hold its gains at the end of last week due to some disappointing UK data released before the week closed. Market sentiment has improved after the week’s political events, investors looked to move away from the the safe haven US Dollar. As for the Pound though, its potential for further upward … Read more

22/01/2021

Sterling continues its run of strength

GBP Sterling continued its ascent against both the euro and dollar on Thursday benefitting from a variety of factors as sterling reached eight month highs against the euro and two and a half year highs against the dollar. One of the leading causes for a stronger pound on Thursday were increasingly optimistic views on the … Read more

05/01/2021

Sterling edges lower as new lockdown is announced

GBP Sterling ended the first trading day of the year lower against its peers after the UK signalled a new lockdown to combat the second wave of fast rising coronavirus cases. The pound had initially started the day high, as relief carried over from the last-minute Brexit trade deal that had been announced just before … Read more

11/12/2020

Sterling Drops Ahead of Sunday

GBP The pound took further losses against the US Dollar and the Euro yesterday, as currency markets became more cautious around the possibility of a no-deal Brexit. Sterling has been volatile on Brexit headlines, dropping in response to news suggesting a deal is unlikely and rising when hopes are raised. Britain has once again told … Read more

10/12/2020

Sterling falls as investors re-evaluate no-deal risk

GBP Boris Johnson travelled to Brussels last night in the hope to bridge the gap on a post Brexit trade deal. A final deadline has now been set for Sunday. As a result, sterling fell 0.5% this morning, and continues to fall, with GBP/EUR trading @ 1.10 and GBP/USD trading @ 1.33. The ‘lively’ dinner, … Read more

08/12/2020

Sterling falls as investors re-evaluate no-deal risk

GBP Sterling fell to six week lows against the Euro and fell against the dollar as little progress in Brexit talks have led investors to re-evaluate the risk of a no-deal. Michael Barnier speaking on Monday said that he was ‘rather downbeat’ about chances of a deal, the pound is very sensitive to Brexit headlines … Read more

07/12/2020

Brexit talks hang in the balance

GBP Sterling retracted from a 2 and a half year high against the US dollar at the end of last week after Britain and the European Union failed to strike a trade agreement, with discussions being temporarily paused to allow negotiators to talk to politicians for guidance. The euro also moved higher against sterling after … Read more

04/12/2020

Sterling hits one year highs against the US Dollar

GBP The pound rallied against the euro and moved to it’s best level for a year against the dollar yesterday as a Brexit conclusion drew nearer. According to various reports during early Thursday trade UK-EU trade talks were on course for a much needed breakthrough with some reports suggesting the “big push” was underway and … Read more

05/11/2020

Risk sensitive Pound finishes lower

GBP The risk sensitive pound finished lower on Wednesday as both US Presidential Election and Bank of England uncertainty dampened investor appetite for sterling. The pound had started the Wednesday trading session on the front foot trading close to multi-month highs against both the euro and dollar as market sentiment was firmly risk-on amidst an … Read more

04/11/2020

Sterling volatile amid US presidential election uncertainty

GBP Sterling had a mixed day on Tuesday as it was mainly affected by the political events in the US. The currency remains highly volatile as the US election hangs in the balance and ignored the fact that the UK and EU have so far failed to reach an agreement on three sticking points in … Read more

30/10/2020

Mixed day for Sterling on positive Brexit headlines but rising covid cases

GBP Sterling had a turbulent day yesterday after positive Brexit headlines and rising covid cases were announced. The president of the EU Commission , Ursula von der Leyen,- said yesterday, talks are making “good progress’ and the two sides are approaching a deal. ‘A level playing field and fisheries are the only two points left … Read more

29/10/2020

Brexit impasse and rising Covid-19 cases hurts Sterling

GBP Sterling fell against both the euro and dollar during Wednesday trading as the worsening global COVID-19 situation and current Brexit impasse took its toll on the risk sensitive pound. According to the latest government figures, the UK reported another 24,701 cases of Covid-19 yesterday with a further 310 deaths. This rapidly deteriorating situation has … Read more