News and Analysis

Market News and Analysis

11/06/2020

Dollar demand higher as Fed signal dovish outlook

USD Wednesday evening saw the eagerly anticipated Federal Reserve press conference take place, and their economic outlook has seen investor concerns rise as the dollar strengthened against riskier currencies. It was also projected that US interest rates would likely stay near zero for the foreseeable future. Federal Reserve policymakers predict that the US economy will […]

10/06/2020

Sterling rises against safe havens

GBP Sterling rallied against the US Dollar on Tuesday as dollar weakness continues to drive cable higher. Sterling’s gains were capped against the Euro as Brexit uncertainty is still effecting the currency pair. Due to global risk appetite improving, this has led to sterling rising against most major currencies. The pound has risen by more […]

09/06/2020

Sterling remains steady

GBP The pound continued to remain steady against most G10 currencies at the beginning of this week with increasing hopes that the UK government will announce further easing of lockdown measures. Prime Minister Boris Johnson is expected to ease restrictions on pubs, restaurants and other businesses with access to outdoor areas. GBP investors are now […]

08/06/2020

Sterling’s best week against the US Dollar since March

GBP The pound had a strong close to the week having experienced its biggest weekly gain against the dollar since the end of March, despite the fact that there has been little to no progress in Brexit trade talks. Negotiators have until the end of this month to agree on extending the December deadline, otherwise […]

05/06/2020

Safe haven weakness continues

GBP Sterling rose to ten week highs against the USD on Thursday benefitting from a weaker USD, but lost ground on the EUR. With further economic stimulus expected to be implemented globally, hopes of a global economic recovery have encouraged investors to diversify their portfolios by selling some of their “safe” USD positions in favour […]

04/06/2020

Sterling reaches four week high against the Dollar

GBP Sterling rose to a one month high against a broadly weaker Dollar, but failed to gain against the Euro as Brexit risks continue to weigh on the pound. Britain and the European Union launched their fourth round of virtual post-Brexit trade talks in an attempt to make some progress towards securing a trade deal. […]

03/06/2020

Sterling benefits from signs of a global economic recovery

GBP Sterling held steady against the Euro but rallied against the USD yesterday benefitting from an improvement in risk appetite, as optimism grows that the worst of the economic fallout caused by the coronavirus has passed. Sterling has had a positive week gaining from the UK’s decision to further ease lockdown measures, with investors showing […]

02/06/2020

The pound hits a four week high against USD

GBP The pound soared to a four week high against the dollar at the start of June as the global risk-on mood triggered weakness in safe haven currencies. Despite this, the pound still has many factors weighing it down, especially Brexit-related risks and speculation around negative interest rates. The fourth round of talks with the […]

01/06/2020

Brexit fears weigh on the pound

GBP The pound finished last week subdued as Brexit trade talks continued to weigh on the currency. As we enter June, the clock continues to tick on a transition period and no signs of progress have yet been made, and it is increasingly unlikely that we will see an extension agreed before the month end. […]

29/05/2020

Managing currency market risk in uncertain times

Unprecedented events certainly haven’t been in short supply so far in 2020. Forget the political jousting that defined 2019 and eventually saw Boris Johnson achieve a landslide election victory – after all, general elections haven’t exactly been in short supply in recent times. This year has seen the UK – and the world – thrust […]

28/05/2020

RationalFX: helping in the hunt for PPE

The escalation of Covid-19 into a global health crisis has seen the supply of Personal Protective Equipment (PPE) for frontline health workers become one of the defining issues of the pandemic. According to the Health and Safety Executive, PPE is “equipment that will protect the user against health or safety risks at work”. When it […]

28/05/2020

Euro higher on Covid-19 recovery fund proposal

EUR The euro edged higher yesterday following a report in Germany that the European Union plan to offer member states a €750bn coronavirus recovery fund. The recovery fund is reported to include €500bn worth of grants with an additional €250bn to be offered as loans. Despite taking a huge step forward with this proposal, the […]

27/05/2020

Two week Sterling high against the Euro and US Dollar

GBP Sterling rose to two week highs against both the Dollar and Euro on Tuesday, boosted mainly by improving global risk appetite which saw the greenback fall. The prospect of economies reopening around the world caused investors to become more optimistic which caused sterling to strengthen. Boris Johnson announced the next steps on how restrictions […]

26/05/2020

Euro remains stable ahead of EU proposal

EUR The Euro remained steady on Monday as a big week awaits ahead for the single currency. European policy makers are set to announce the recovery fund this week which is aimed to help member nations which have suffered from the coronavirus pandemic. Countries such as Austria, Netherlands, Denmark and Sweden want loans from a […]

22/05/2020

The automated mass payment revolution

The age of automation, the digital revolution, the fourth industrial revolution: whatever you want to call it, the rapid rise of internet-enabled automation in the 21st century has had a profound impact on the world of international payments – and will continue to do so thanks to a constant stream of digital advancements. Take the […]

22/05/2020

Strong PMI data lifts sterling

GBP Sterling came off an height week low against the Euro and recent lows against the US Dollar off the back off better than expected manufacturing and service PMI data. The data showed both sectors still contracted but there were encouraging signs the decline has started to ease off. EUR The Eurozone also showed tentative […]

21/05/2020

Potential rate cut edges Sterling lower

GBP The pound edged lower yesterday after inflation fell below 1% and Governor Bailey refused to rule out the possibility of negative interest rates. Inflation fell to its lowest level in 4 years as it came in at 0.8%, and this directly led to speculation that the Bank of England would cut rates in order […]

20/05/2020

Safe haven currencies fall

GBP The pound rebounded against the US Dollar and Euro on Tuesday to move away from 7 week lows. Positive signs from a coronavirus antibody trial saw safe haven currencies such as the dollar fall as markets rallied. Sterling did not rally as much as it still remains held down by Brexit-related risks and speculation […]

19/05/2020

Risk appetite boosts sterling

GBP Sterling made a small recovery against both the EUR and USD yesterday benefitting from an improvement in investor risk appetite. Investors had been reacting to signs of an improvement in the global economic outlook following a decrease in global infections, death rates caused by covid-19, news of a promising vaccine and a commitment by […]


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