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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
GBP The pound rallied against both Euro and Dollar on Thursday after the Bank of England decided to keep interest rates unchanged at 0.1%. The Bank of England is predicting that the U.K. economy will see a sharp rebound in 2021 due to the current vaccination of the U.K. population. The BOE went onto say […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
GBP Sterling had a turbulent day yesterday after positive Brexit headlines and rising covid cases were announced. The president of the EU Commission , Ursula von der Leyen,- said yesterday, talks are making “good progress’ and the two sides are approaching a deal. ‘A level playing field and fisheries are the only two points left […]
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 […]
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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:
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- Economic data
- Key events to watch out for in the coming month
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