GBP Sterling saw its biggest daily rise in two weeks but still remains under pressure due to ongoing Brexit risk. Furthermore, the Bank of England is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising due to growing Brexit uncertainty and renewed restrictions on social activity. […]
GBP The pound rebounded slightly yesterday after better than expected jobs data and the possibility that opposition within the government could threaten the controversial proposed internal market bill. There has been an increase in optimism that opposition to the bill is growing and that this can challenge legislation that has increased the likelihood of a […]
GBP Sterling remained close to multi-month lows against both the euro and dollar on Tuesday as the UK government won its first parliamentary vote on its controversial internal market bill which threatens to violate aspects of the UK-EU Withdrawal Agreement. Boris Johnson, who commands a majority in Parliament and describes the bill as a necessary […]
GBP Sterling fell to five month lows on Friday as fears of the UK leaving without a trade deal weighed on the pound. The pound had its worst week against both the euro and dollar since March when the initial outbreak of Covid occurred. Positive data release showing the economy grew by 6.6% in July […]
GBP Sterling extended its losses falling to multi-month lows against both the euro and dollar yesterday amid fears that the UK and EU will fail to agree a Brexit trade deal. The sharp move lower follows an emergency meeting yesterday between UK and EU officials who discussed the implications of Britain trying to force through […]
Our Rational Thinking series provides key insights into the latest economic on-goings and provides detail on how these events affect currency markets globally. sdfsdfsfdaf
Sterling moved to it’s lowest level in two weeks against the USD on Friday as political uncertainty remained high ahead of next month’s general election. Speaking at the launch of the Scottish National Party election campaign, leader of the Scottish National Party, Nicola Sturgeon put sterling on the back foot as she suggested that she would form an alliance with Labour to block a conservative government on the 12th December.
Sterling remained stable on Wednesday as investors continue to wait to see what the Bank Of England might have to say regarding the impact of Brexit on the British Economy. Uncertainty around Britain’s departure from the EU has left a strong mark on business confidence. Weak economic data makes it increasingly likely that Bank of England’s next move will be to cut interest rates rather than increase them. Money markets do not expect the central bank to cut rates in the near term until more clarity emerges on the political front.
Brexit currency risk is a prime concern for many businesses that make international payments, whether it’s to a supplier, funding overseas office overheads or purchasing stock. Forward contracts are an effective solution to FX risk management post-Brexit because they offer protection for businesses against inevitable currency fluctuations, which are forecasted to be highly volatile for […]
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Monthly Currency Market View April 2020
Concerned about currency volatility and its impact on your international payments? Our currency market view explores the key trends and global events that have shaped the currency market in the last month.
- Inside you’ll find:
- Commentary on key global events
- Economic data
- Key events to watch out for in the coming month
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