Donald Trump

13/01/2021

Pound rises as Bank of England unlikely to trim rates

GBP Sterling rallied over the course of yesterday against both the USD and EUR. This continued this morning as GBP/EUR is trading over 1.12 and cable trading just below 1.37. Markets took comfort in comments from BoE Governor Bailey, who indicated it was too soon to cut interest rates again. Governor Bailey stated he is […]

05/11/2020

Risk sensitive Pound finishes lower

GBP The risk sensitive pound finished lower on Wednesday as both US Presidential Election and Bank of England uncertainty dampened investor appetite for sterling. The pound had started the Wednesday trading session on the front foot trading close to multi-month highs against both the euro and dollar as market sentiment was firmly risk-on amidst an […]

22/10/2020

Sterling rallies to six week highs

GBP Sterling rallied to a six week highs against the US Dollar on Wednesday as Brexit talks are set to resume this week. EU Chief Negotiator Michel Barnier stated that both sides must be willing to compromise and that a deal was within reach. He went onto say “we will seek the necessary compromises on […]

06/10/2020

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 […]


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