Sterling

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 […]

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 […]

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 […]

05/11/2020

Risk sensitive Pound finishes lower

GBP The risk sensitive pound finished lower on Wednesday as both US Presidential Election and Bank of England uncertainty dampened investor appetite for sterling. The pound had started the Wednesday trading session on the front foot trading close to multi-month highs against both the euro and dollar as market sentiment was firmly risk-on amidst an […]

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 […]

26/10/2020

PMI data causes sterling to fall

GBP Sterling fell on Friday against both the US dollar and euro after the UK Purchasing Managers’ Index (PMI) fell to a four-month low. The PMI fell to a low of 52.9 in October from 56.5 in September. The UK’s economic recovery has stalled since August. The threat of a second wave of coronavirus cases, […]

22/10/2020

Sterling rallies to six week highs

GBP Sterling rallied to a six week highs against the US Dollar on Wednesday as Brexit talks are set to resume this week. EU Chief Negotiator Michel Barnier stated that both sides must be willing to compromise and that a deal was within reach. He went onto say “we will seek the necessary compromises on […]

19/10/2020

Sterling unfazed by no deal scare

GBP Sterling was unfazed by Boris Johnson’s announcement that the UK should prepare for a no trade deal on Friday. Optimism is building among investors that a trade deal will be reached and Johnson’s latest announcement could be a ploy in order for the EU to give into the demands of the UK according to […]

16/10/2020

Sterling falls due to concerns over a timely trade deal

GBP Sterling fell yesterday after concerns mounted about the obstacles that are keeping the European Union and Britain from reaching a timely trade deal. Boris Johnson had previously proposed that the October 15th deadline be the conclusion for talks and we await for a confirmation on the scope of a new extension. Fisheries, competition and […]

14/10/2020

Sterling lower as Brexit anxiety weighs

GBP Sterling took a step back on Tuesday, dipping against a broadly stronger dollar and also falling back against the Euro as currency markets kept an eye on ongoing Brexit negotiations for fresh drivers over the next few weeks. Recent reports have claimed that the European Union want further concessions from Britain before entering the […]

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, […]

12/10/2020

Market sentiment shifts

GBP Sterling traded close to month highs against both the euro and dollar on Friday. Market sentiment shifted to risk on due to rising hopes that a Brexit trade deal and US stimulus package can be agreed. Despite the move higher, sterling has found difficulty in breaking through its current trading range and the headline […]

02/10/2020

Sterling falls as Brexit talks stall

GBP Sterling fell against both US Dollar and Euro on Thursday as Brexit talks stall between the U.K. and the EU. Both parties are far apart on the key issue of state aid and the U.K. was dealt with another blow as the EU launch a legal case against the U.K. The EU gave the […]

11/11/2019

Sterling falls to 2-week low

Sterling moved to it’s lowest level in two weeks against the USD on Friday as political uncertainty remained high ahead of next month’s general election. Speaking at the launch of the Scottish National Party election campaign, leader of the Scottish National Party, Nicola Sturgeon put sterling on the back foot as she suggested that she would form an alliance with Labour to block a conservative government on the 12th December.


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