Lockdown

06/04/2021

Market report: Lockdown easing lifts GBP

GBP Boris Johnson yesterday confirmed plans to ease lockdown measures from April 12th. This has further boosted GBP, which recently hit a new thirteen month high against EUR and is performing much stronger against USD.  As of April 5th, 31,581,623 people in the UK had received their first dose, with 5,432,126 fully vaccinated. This is fueling a real sense of optimism for sterling. Especially as […]

06/04/2021

RFXplainer: Travelling overseas to buy, sell or let property

As of March 29th, foreign travel from the UK remains illegal for all but non-essential reasons. Those essential reasons, however, include anything “in connection with the purchase, sale, letting or rental of a residential property.” In this first of our RFXplainer series, we’ll give you all the information you need if you have to travel for any of these reasons. 

29/03/2021

Pound stable as vaccine worries downplayed

GBP The pound had a mixed week as the EU’s threat to ban vaccine exports took its toll. However, it  recovered by the end thanks to renewed optimism for the UK’s vaccine rollout and the economic impact of easing lockdown measures in April.  The EU’s vaccination drive has continued to move slowly, with some trying to […]

15/03/2021

US dollar rises again off the back of rising treasury yields

USD The dollar rose on Friday following a fresh spike in Treasury yields as the prospect of economies emerging from year-long coronavirus lockdowns reignited inflation fears. The market over the last few weeks has become increasingly more wary of possible inflationary pressures that could come as a result of pent-up consumer demand and the expanding […]

11/03/2021

Dollar falls on soft inflation reading

USD The dollar fell on Wednesday as February’s inflation data failed to reach expectations. U.S. inflation rose at a month-on-month pace of 0.4%, in line with market expectations, which lifted the annual rate of inflation from 1.4% to 1.7% and left it sitting just shy of the 2% target set by the Federal reserve. However […]

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 […]

22/02/2021

Sterling remains stable ahead of the UK’s lock-down exit plan

GBP Today see’s the eagerly anticipated announcement of the UK’s lockdown exit plan, with investors awaiting to see whether the details will be overly cautious or if the economy will reopen in large chunks. This follows on from last week, where the pound was yet again the best performing major, hitting three year highs against […]

17/02/2021

Vaccine rollout continues to push Sterling higher

GBP Sterling continues to strengthen as the impressive vaccine rollout edges the pound higher against major currencies. The pound hit a 9 month high against the Euro on Monday and there is growing expectation that the pound could surge further against the Euro and other major currencies. The pound is also being boosted by an […]

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 […]

13/11/2020

Poor GBP data hurts Sterling

GBP Sterling weakened on Thursday after news that Britain’s economy grew by a slower-than-expected 1.1% between August and September, a pace that leaves the UK lagging behind other rich nations attempting to recover from the coronavirus pandemic. The reading that was below market expectations weighed on the pounds recent rally and will provide a reality […]

03/11/2020

The pound falls as investors fear new restrictions

GBP The weekend’s announcement of a new national lockdown in England sent the pound lower on Monday with investors factoring in the likely damage of new restrictions to the economy. Analysts now expect the economy to contract significantly because of the second lockdown, but still less than the record hit of 20% in Spring. The […]

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 […]

13/10/2020

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, […]


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Monthly Currency Market View April 2020

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