Sterling higher on Brexit and vaccine hopes

GBP Surging global stock markets and rumours that the UK is potentially shifting its position on the matter of fishing rights in ongoing EU-UK trade negotiations, in order to secure a deal, have pushed the Pound higher against both the Euro and Dollar. Sterling rallied throughout yesterday against the Euro and Dollar but dropped slightly […]


Dollar sinks to lowest level in two months

USD The dollar sank to its lowest level in over two months against a basket of peer currencies on Friday, as vote counting for the contentious US election slowly moved toward a divided government, investors predicted more losses for the currency. Investors and financial executives took a big sigh of relief on Saturday after major […]


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 […]


Brexit talks hang in the balance

GBP Talks between Britain and the European Union over a post-Brexit trade deal are mired in a stalemate after a call between the two sides’ chief negotiators concluded without a breakthrough. David Frost and Michel Barnier held discussions for the second day running on Tuesday as they tried to restart talks that were suspended by […]


Sterling unfazed by no deal scare

GBP Sterling was unfazed by Boris Johnson’s announcement that the UK should prepare for a no trade deal on Friday. Optimism is building among investors that a trade deal will be reached and Johnson’s latest announcement could be a ploy in order for the EU to give into the demands of the UK according to […]


UK softens stance on Brexit talks

GBP Sterling rebounded close to 1% from one week lows on Wednesday following reports the UK government would soften its stance and continue Brexit trade talks beyond Prime Minister Boris Johnson’s 15th October deadline. The reported softer stance has increased investor expectation that a trade deal can be agreed this year and resulted in sterling […]


UK response to rising Covid-19 cases

GBP Sterling edged higher yesterday as Boris Johnson announced a highly anticipated three tier alert system across the UK. In doing so, he also rejected a second national lockdown saying ‘it would not be the correct course of action’. The new system would see country divided by tiers, and those with the highest infection rates, […]


Sterling rebounds due to Brexit optimism

GBP Sterling retracted slightly against the euro yesterday, although losses were limited and Sterling made small gains against the US Dollar as most of the currency market now have a level of expectation that Britain and the European Union will soon conclude a Brexit deal. British Prime Minister Boris Johnson and President of the EU […]


Sterling finishes last week on a lower footing

GBP The pound finished last week on a lower footing after a combination of rising Covid-19 cases and the Bank of England refusing to take negative interest rates off the table. Coronavirus cases are beginning to accelerate, with new cases doubling 6,000 per day and hospital admissions rising quickly. Ministers are seemingly resigned to the […]


Pound rebounds after positive jobs data

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 […]


Cross-border businesses: how to navigate the post-pandemic world

Negativity bias refers to our predisposition to “attend to, learn from, and use negative information far more than positive information”. As the UK faces up to what may be its worst-ever recession, you’d be forgiven for reverting to this default setting. Yes, the Covid-19 pandemic has caused large swathes of the economy to grind to […]

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Monthly Currency Market View April 2020

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