EUR

26/02/2021

Sterling suffers its sharpest decline of the year

GBP The pound has been the best  performing currency of 2021 but it has suffered its sharpest decline of the year in response to a shift in risk status. As demonstrated by the pound’s performance in the last few months, it has adopted a ‘risk on’ status and is susceptible to risk reversals if the […]

25/02/2021

Dollar struggles after dovish tone from FED chair Jerome Powell

USD On Wednesday the dollar continued to struggle in early trading after dovish comments from the fed chair Jerome Powell raising fears of rising inflation. The comments helped to push the USD to multi year lows against the sterling and commodity linked currencies. Powell confirmed that interest rates will remain low whilst the Fed continues […]

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 […]

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 […]

12/02/2021

Sterling hesitant to push high against Euro and Dollar

GBP Currency markets look hesitant to push GBP further than its recent highs against both Euro and Dollar. Sterling still looks an attractive buy with continued hopes on the success of the UK vaccination program. The Euro is also benefiting heavily from this period of US Dollar weakness. Some potential worry for Sterling are the […]

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 […]

04/02/2021

Dollar strengthens as treasury yields rise

USD Sentiment for the dollar increased throughout yesterday and during overnight trading as investors sort to take advantage of rising US treasury yields. The rise in US treasury yields follows progress in the US Covid vaccination rollout, moves by the US president Joe Biden to pass more fiscal stimulus and improving economic data. The prospects […]

28/01/2021

EU eyes UK vaccine supply as GBP/EUR eases from 8month highs

GBP Sterling continued its steady run of strength throughout most of Tuesday before ultimately cooling off in the afternoon, with Sterling briefly hitting an 8 month high against the Euro. The main driver of the run upwards against the Euro was German consumer confidence data underwhelming currency markets on release, delivering its worst reading since […]

22/01/2021

Sterling continues its run of strength

GBP Sterling continued its ascent against both the euro and dollar on Thursday benefitting from a variety of factors as sterling reached eight month highs against the euro and two and a half year highs against the dollar. One of the leading causes for a stronger pound on Thursday were increasingly optimistic views on the […]

17/12/2020

Dollar falls to multi-year lows

USD The dollar sank to fresh 2-1/2-year lows against major peers including the British pound and euro on Wednesday as progress towards agreeing a U.S. stimulus package and a Brexit deal boosted risk appetite at the expense of the safest assets. Congressional negotiators are getting closer to agreeing a $900 billion COVID-19 aid bill, lawmakers […]

15/12/2020

Sterling gains as Brexit talks are extended

GBP Sterling rallied against the euro and dollar during early trade on Monday, benefitting from news that Britain and the European Union had agreed to extend trade talks past Sunday’s deadline. The news injected fresh optimism back into markets that a deal could be achieved as early as this week after a demoralising previous week […]

14/12/2020

UK and EU leaders agree to continue Brexit talks

GBP Traders were relieved that a no-deal was avoided, all be it temporarily on Sunday as the UK and European Union agreed to continue negotiations beyond the latest deadline. The jump was felt most within the pound, which clearly demonstrates investor relief and hope that a post-Brexit trade deal can be reached. Until last week, […]

11/12/2020

Sterling Drops Ahead of Sunday

GBP The pound took further losses against the US Dollar and the Euro yesterday, as currency markets became more cautious around the possibility of a no-deal Brexit. Sterling has been volatile on Brexit headlines, dropping in response to news suggesting a deal is unlikely and rising when hopes are raised. Britain has once again told […]

08/12/2020

Sterling falls as investors re-evaluate no-deal risk

GBP Sterling fell to six week lows against the Euro and fell against the dollar as little progress in Brexit talks have led investors to re-evaluate the risk of a no-deal. Michael Barnier speaking on Monday said that he was ‘rather downbeat’ about chances of a deal, the pound is very sensitive to Brexit headlines […]

02/12/2020

Sterling edges higher as Brexit talks enter ‘tunnel’ stage

GBP Sterling climbed to a three-month peak versus the dollar after Times Radio said Brexit trade deal talks had entered the “tunnel” stage of negotiations. The “tunnel” is a term used for an intense final stage of secretive, make-or-break negotiations. Sterling rose as much as 0.9% to $1.3441, extending gains after the news broke. While […]

27/11/2020

Sterling remained at three month highs against the US dollar

GBP Sterling remained at three month highs against the US dollar on Thursday as dollar weakness offset uncertainty surrounding Brexit. Investors are looking for progress on a trade deal between the UK and the EU, but this week there has been little developments with face to face talks postponed. Reports are suggesting that EU Chief […]

23/11/2020

Brexit Optimism Resumes

GBP Sterling finished the week higher on Friday benefitting from rising Brexit optimism as investors took comfort in reports that a Brexit deal is 95% done. The reports were particularly reassuring for investors as they cited leaked notes from Fridays EU Brexit brief headed by European Commission Secretary Generale Ilze. Ilze, who was standing in […]

29/10/2020

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 […]


International Payroll Solutions

Download our Payroll Solutions guide and discover ways to save time and money when making multiple payments.

Please fill in the form below to receive your free guide.

  • This field is for validation purposes and should be left unchanged.

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


Daily currency market updates straight to your inbox.

Never miss out on the latest foreign exchange news again with our daily currency updates.

You might not be able to predict the outcome of the events that impact the value of currencies or exactly how much it will shift in value, but you can keep abreast of its daily performance.

We can provide your business with a convenient daily currency update that goes straight to your inbox each morning. These updates help provide an insight into the key events that have shaped the currency market.

By receiving these emails you will not only save your business valuable time, you can easily keep track of the currency market.

Sign up for our daily updates:

  • This field is for validation purposes and should be left unchanged.

View our Privacy Policy