Covid-19

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. 

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 […]

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 […]

09/03/2021

Positive sentiment continues to prop up Sterling

GBP Investors have ramped up bets for further gains on Sterling, with the net long position of the pound increasing to the highest level since April 2018. This increase in the net long position is a reflection of the optimism that currently surrounds the UK thanks to the rapid roll-out of the vaccine program that […]

05/03/2021

Dollar strengthens on US economic recovery

USD The US dollar strengthened on Thursday after Jerome Powell indicated that inflation is likely to rise as the economy recovers in the coming months. Powell stated that interest rates are unlikely to rise unless the economy is running back to full capacity with full employment and more durable inflation. Powell believes that rise in […]

04/03/2021

Sterling remains stable after the Budget was announced

GBP Yesterday saw the announcement of Rishi Sunak’s highly anticipated Spring Budget. Almost one year on from his first budget, circumstances have most definitely changed. This year’s budget was largely split into two. The first part was a large extension of the support already in place. The focal point was an extension of the furlough […]

02/03/2021

Dollar gains as US treasury yields rise

USD The dollar has gained in the past couple of days as U.S. government bond yields jump on expectations that growth and inflation will increase as the administration prepares new fiscal stimulus and vaccinations against COVID-19 become more widespread. This saw the dollar index rise to a three-week high as investors bet on faster growth […]

24/02/2021

Sterling posts fresh highs against EUR and USD

GBP Sterling experienced yet another day of forward momentum as fresh highs were posted against both the EUR and USD. The reason for this positivity largely remains the same, case numbers continue to fall as vaccination numbers rise. Yesterday, the UK recorded its lowest daily infections of the year at 8,489, compared to 10,641 the […]

22/02/2021

Sterling remains stable ahead of the UK’s lock-down exit plan

GBP Today see’s the eagerly anticipated announcement of the UK’s lockdown exit plan, with investors awaiting to see whether the details will be overly cautious or if the economy will reopen in large chunks. This follows on from last week, where the pound was yet again the best performing major, hitting three year highs against […]

19/02/2021

Sterling Reaches Uncharted Territory

GBP The pound raced ahead again to start Thursday against the € and $ and has attracted more market participants such as pension funds, insurance funds, real estate investment trusts, asset managers and other finance houses as cited by market analysts. The pound appears to still be benefiting from the so far successful vaccine rollout […]

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 […]

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 […]

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 […]

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 […]

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 […]

09/02/2021

Sterling supported as Covid infections fall

GBP Sterling continued its strong run of form as vaccination numbers paint somewhat of a positive picture for the UK. Close to 20% of the adult population have now been given their first dose which towers over the mere 3.7% vaccinated in the EU. Furthermore, the UK’s approach to vaccinate those in the highest risk […]

08/02/2021

BoE hold interest rates as sterling strength continues

GBP Sterling continued its impressive start to 2021, once again jumping on Friday, this time to near 6 months highs against both the Euro and the US Dollar amongst other G10 currencies in response to the Bank of England’s decision to hold interest rates at current levels and also giving no indications they plan to […]

03/02/2021

Sterling supported as UK Covid infections fall

GBP Pound Sterling had somewhat of a turbulent day yesterday but ultimately ended on what seems to be a stable ground. Economic data did, however, show a worrying figure with nationwide housing prices reading at -0.3% from a previous 0.9%. This was the first drop for months and an area the Bank of England will […]


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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.

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