GBP

25/01/2021

Sterling struggles to hold its gains

GBP Sterling struggled to hold its gains at the end of last week due to some disappointing UK data released before the week closed. Market sentiment has improved after the week’s political events, investors looked to move away from the the safe haven US Dollar. As for the Pound though, its potential for further upward […]

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 […]

21/01/2021

Strong Inflation data fuels sterling rally

GBP The pound performed well across the board yesterday after the release of better than expected inflation data for December. Cable broke two year highs before retreating and GBP/EUR similarly broke eight month highs. Biden taking office, and the inevitable stimulus package caused sterling to strengthen as investors looked for greater returns. This paired with […]

20/01/2021

Sterling strong as inflation numbers beat expectations

GBP The pound has started the day with a spring in its step as UK Inflation data beat expectations for December. The figure was expected to be an improvement from a previous 0.3% to 0.5% but the realized figure was an even more improved 0.6%. Britain’s inflation rate picked up during the month of December […]

19/01/2021

Vaccine Rollout Key to Quick Recovery

GBP Yesterday there was very little market news due to the US bank holiday Martin Luther King Day so the market was flat throughout the day. Boris Johnson told business leaders yesterday that efficient delivery of the coronavirus vaccine is Britain’s best economic recovery tool as he promised a sustainable fightback from the worst recession […]

11/01/2021

Brexit: how will the pound perform in 2021?

As hard as it is to believe, Brexit does not hold the record when it comes to prolonged processes. Take the Basílica de la Sagrada Família in Spain for example: work began on the world-famous church in 1882 and it is still not finished. The Brexit free trade deal was achieved in a relative blink […]

06/01/2021

Brexit optimism overshadowed by new lockdown measures

GBP The Pound was pretty flat yesterday, holding at levels well below the two and a half year high against the Dollar we saw in the aftermath of the Brexit talks coming to a successful end, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union. The new measures, which […]

05/01/2021

Sterling edges lower as new lockdown is announced

GBP Sterling ended the first trading day of the year lower against its peers after the UK signalled a new lockdown to combat the second wave of fast rising coronavirus cases. The pound had initially started the day high, as relief carried over from the last-minute Brexit trade deal that had been announced just before […]

21/12/2020

New Covid strain worries investors

USD US congressional leaders have confirmed that a new stimulus package, worth roughly $900 billion has now been agreed. The bill includes additional unemployment benefits, stimulus cheques and support for several hard hit industries. This is the second largest US economic relief in US history, after the first stimulus package in March. Final votes are […]

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 […]

10/12/2020

Sterling falls as investors re-evaluate no-deal risk

GBP Boris Johnson travelled to Brussels last night in the hope to bridge the gap on a post Brexit trade deal. A final deadline has now been set for Sunday. As a result, sterling fell 0.5% this morning, and continues to fall, with GBP/EUR trading @ 1.10 and GBP/USD trading @ 1.33. The ‘lively’ dinner, […]

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 […]

07/12/2020

Brexit talks hang in the balance

GBP Sterling retracted from a 2 and a half year high against the US dollar at the end of last week after Britain and the European Union failed to strike a trade agreement, with discussions being temporarily paused to allow negotiators to talk to politicians for guidance. The euro also moved higher against sterling after […]

04/12/2020

Sterling hits one year highs against the US Dollar

GBP The pound rallied against the euro and moved to it’s best level for a year against the dollar yesterday as a Brexit conclusion drew nearer. According to various reports during early Thursday trade UK-EU trade talks were on course for a much needed breakthrough with some reports suggesting the “big push” was underway and […]

03/12/2020

Brexit anxieties weigh on sterling

GBP Sterling fell to one month lows against the Euro and fell against the US dollar as doubts remain as to whether a post Brexit trade deal can be achieved. Differences remain between the U.K. and EU on the main sticking points which consist of fisheries, state aid and fair competition. Brexit uncertainty overshadowed positive […]

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 […]


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