Market report: end of lockdown looms to boost pound

GBP Sterling was on the front foot on Wednesday as optimism grows that all Covid-19 restrictions will be lifted on June 21. The pound had dropped earlier this week amid concerns the date could be pushed back.  Despite rising infection rates, the government believes the vaccines are keeping people out of hospitals and controlling the spread of the virus. […]


Market report: lockdown rumours weaken pound

GBP The pound had rough start to the month yesterday as fears around a delay to the full relaxation of covid restrictions in England grew. Scotland has already announced a pause to their plans. Headlines have been dominated by an increase in ‘Indian variant’ cases and warnings from senior medical advisors around easing restrictions on June 21. This is all […]


Market report: dollar worst major currency of the quarter

USD The dollar is now this quarter’s worst performing major currency. This is in stark contrast to the euro, the strongest performer, which is up around 4% against the dollar. Several factors are weighing on the dollar. Investors still believe the US Federal Reserve’s insistence it will not taper its bond-buying operations anytime soon, even if inflation rises above […]


Market report: a good month for the pound and euro

The pound has been the second best performing currency in the G10 over the past month. This is largely down to the UK’s ongoing exit from lockdown, which is on track to be completed by June 21. The rapid acceleration of the Eurozone’s vaccine programme has boosted the currency against most of its major competitors. It’s now the only G10 currency to outperform the pound over the last month.


Market report: pound holds strong against dollar

GBP Strong economic data and growing confidence that all restrictions could be lifted by June 21st sees the pound continuing to perform well against most major currencies. Nowhere is this clearer than against the dollar, where the pair reached an almost three year high on Friday.  Friday’s retail sales data came in well above expectations at 9.2% after non essential shops […]


Market report: Relaxed restrictions good news for pound

GBP Lockdown eased further across Britain yesterday, with indoor dining back on the menu and travel to selected countries permitted. Hopes for the economy heightened in response.  However, economists are looking over their shoulders as cases of the Indian variant continue to rise. Secretary of State for Health, Matt Hancock, yesterday told the House of Commons there were now 2,323 […]


Market report: High hopes for the pound as lockdown eases

GBP The pound is set for a busy week, as the release of key data coincides with further the easing of lockdown.  This is on top of last week’s Bank of England meeting where GDP growth forecasts were upgraded, a position now being cemented elsewhere. Economists surveyed by Bloomberg also upped their 2021 growth forecasts to 6%, the largest mark up since 1973. This puts […]


Market report: GBP’s struggles continue

GBP Sterling’s struggles continued last week as concerns around profit-taking and the AstraZeneca vaccine took its toll. This is despite the UK government pledging once again to offer a vaccine to every adult in the country by the end of July. However, under 30s will now be offered an alternative to the controversial AstraZeneca vaccine. The jab’s blood clot concerns have cast doubt […]


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 […]


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. 


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 […]


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 […]


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 […]


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 […]


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 […]


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 […]


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 […]


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 […]


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 […]


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 […]

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Monthly Currency Market View April 2020

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