News and Analysis

Market News and Analysis

06/04/2021

RFXplainer: Travelling overseas to buy, sell or let property

As of March 29th, foreign travel from the UK remains illegal for all but non-essential reasons. Those essential reasons, however, include anything “in connection with the purchase, sale, letting or rental of a residential property.” In this first of our RFXplainer series, we’ll give you all the information you need if you have to travel for any of these reasons. 

09/04/2021

Market report: Construction PMI can’t save GBP

GBP Sterling extended its losses against both the euro and dollar on Thursday. This is despite a stronger than expected Construction Purchasing Managers Index (PMI). The Construction PMI is a diffusion index incorporating survey results provided by UK construction firms. The Construction PMI rose to 61.7 from 53.3, a six-year high. However, the news mostly failed to move sterling. Likely […]

08/04/2021

Market report: AstraZeneca concerns dent GBP

GBP The pound fell sharply yesterday following concerns around the UK’s vaccine rollout. Primarily, the AstraZeneca jab’s continued association with a minute number of blood clot cases. The jab makes up 75% of vaccinations given in certain parts of the UK and is seen as integral to Britain hitting its inoculation targets. Yesterday, The UK Government’s joint committee on […]

06/04/2021

Market report: Lockdown easing lifts GBP

GBP Boris Johnson yesterday confirmed plans to ease lockdown measures from April 12th. This has further boosted GBP, which recently hit a new thirteen month high against EUR and is performing much stronger against USD.  As of April 5th, 31,581,623 people in the UK had received their first dose, with 5,432,126 fully vaccinated. This is fueling a real sense of optimism for sterling. Especially as […]

01/04/2021

GDP rise lifts sterling

GBP The UK economy showed further signs of life yesterday as GDP rose by 16.9% and 1.3% in Q3 and Q4 respectively. GDP had fallen by 9.8% in 2020, the biggest drop for over 300 years, so this was welcome news. A high level of accumulated household savings likely funded the growth, at least in part. The saving rate increased from […]

31/03/2021

GBP boosted as economy optimism grows

GBP Sterling made gains against the euro on Tuesday, trading close to a 13 month high. This is a modest 4.5% gain since the start of this year. This rise can mostly be attributed to growing optimism around the UK’s vaccination rollout, eased lockdown measures causing an expected economic bounce and the Bank of England (BoE) looking less likely […]

30/03/2021

The pound hits 13 month high vs the euro

GBP Sterling surged to a 13 month high against the euro yesterday morning while holding strong against the dollar. The upwards swing didn’t last long, however, and the pound had dipped again by the afternoon. Although there’s no real data to explain these swings, the volatility could be down to a new financial quarter beginning […]

29/03/2021

Pound stable as vaccine worries downplayed

GBP The pound had a mixed week as the EU’s threat to ban vaccine exports took its toll. However, it  recovered by the end thanks to renewed optimism for the UK’s vaccine rollout and the economic impact of easing lockdown measures in April.  The EU’s vaccination drive has continued to move slowly, with some trying to […]

25/03/2021

Dollar remains on the front foot

USD The dollar remained strong against its peers yesterday as data showed US factory activity picked up in early March amid an increase in new orders. However, US manufacturing PMI only increased to 59 in the first half of this month from a final reading of 58.6 in February, when activity took a step back […]

24/03/2021

Pound still under pressure from EU vaccine row

GBP The pound remains under pressure as the British Government works to ease tensions with the EU over their threat to ban AstraZeneca vaccine exports. This is on top of poor employment data for February which showed a further 86,000 Brits had entered unemployment. Today also saw the release of February’s UK Consumer Price Inflation data, which slumped […]

23/03/2021

GBP falls on EU threat to block vaccines

GBP Sterling fell against both the euro and dollar on Monday as investors sold the British currency following news the European Union could block AstraZeneca vaccine exports to the UK. This follows supply issues in Europe and concerns among EU officials that it won’t reach its vaccination target. European Commission President Ursula von der Leyen […]

22/03/2021

UK’s vaccine rollout keeps sterling supported

GBP Sterling rallied against the euro on Friday as it continues to benefit from the UK’s vaccine rollout and the Bank of England’s (BoE) decision to keep monetary policy unchanged and interest rates at record lows. Sterling has already could come under renewed pressure this morning as the EU is set to block exports of […]

18/03/2021

Fed remain dovish as interest rates stay unchanged

On Wednesday, as expected, the Federal Reserve confirmed they would be leaving interest rates on hold at near zero for years to come whilst also forecasting a jump in economic growth as the pandemic unwinds. By the end of the year, the Fed forecasts that growth will be as much as 6.5%, which would be the largest rise since 1984. Unemployment is forecast to fall 4.5%, while inflation is set to exceed the central bank’s target of 2% to as high as 2.4%.

17/03/2021

Bank of England Governor raises doubts on the UK’s economic recovery

GBP The pound fell yesterday after Bank of England Governor Andrew Bailey raised doubts on the UK’s economic recovery ahead of this week’s Bank of England Policy announcement. Bailey stressed the importance of continuing with the bond purchasing and stimulus programme, despite his concerns about post-pandemic inflation. Ahead of this key meeting, analysts have taken […]

15/03/2021

US dollar rises again off the back of rising treasury yields

USD The dollar rose on Friday following a fresh spike in Treasury yields as the prospect of economies emerging from year-long coronavirus lockdowns reignited inflation fears. The market over the last few weeks has become increasingly more wary of possible inflationary pressures that could come as a result of pent-up consumer demand and the expanding […]

12/03/2021

The Euro holds firm despite a dovish European Central Bank

EUR The Euro held firm on Thursday despite a dovish European Central Bank (ECB) meeting which saw interest rates kept unchanged but saw the ECB commit to increase the pace of its €1.9 trillion bond buying scheme. The ECB’s decision to accelerate the pace of its PEPP for the next three months came as a […]

11/03/2021

Dollar falls on soft inflation reading

USD The dollar fell on Wednesday as February’s inflation data failed to reach expectations. U.S. inflation rose at a month-on-month pace of 0.4%, in line with market expectations, which lifted the annual rate of inflation from 1.4% to 1.7% and left it sitting just shy of the 2% target set by the Federal reserve. However […]

10/03/2021

Sterling remains on the front foot

GBP Another positive day for sterling saw the pound maintain gains made earlier in the week. British Retail Consortium’s (BRC) Retail Sales data for February was released yesterday, beating forecasts by 1.57%. This was positive for sterling as it meant a return to growth after a disappointing reading the month previous. This paired with the […]

10/03/2021

RationalFX levels-up payments proposition with ClearBank

ClearBank’s virtual accounts offering improves visibility, liquidity, and control for RationalFX’s customers. London, UK, March 10th 2021 – ClearBank, the cloud-based clearing bank, today announced it is supporting RationalFX, a leading UK payments and foreign exchange provider, with a range of tailored payments services that will improve the visibility, liquidity and control of funds for […]


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