GBP Sterling fell against both the euro and dollar on Monday as investors sold the British currency following news the European Union could block AstraZeneca vaccine exports to the UK. This follows supply issues in Europe and concerns among EU officials that it won’t reach its vaccination target. European Commission President Ursula von der Leyen […]
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 […]
GBP Another positive day for sterling saw the pound maintain gains made earlier in the week. British Retail Consortium’s (BRC) Retail Sales data for February was released yesterday, beating forecasts by 1.57%. This was positive for sterling as it meant a return to growth after a disappointing reading the month previous. This paired with the […]
GBP Investors have ramped up bets for further gains on Sterling, with the net long position of the pound increasing to the highest level since April 2018. This increase in the net long position is a reflection of the optimism that currently surrounds the UK thanks to the rapid roll-out of the vaccine program that […]
USD The US dollar strengthened on Thursday after Jerome Powell indicated that inflation is likely to rise as the economy recovers in the coming months. Powell stated that interest rates are unlikely to rise unless the economy is running back to full capacity with full employment and more durable inflation. Powell believes that rise in […]
GBP Yesterday saw the announcement of Rishi Sunak’s highly anticipated Spring Budget. Almost one year on from his first budget, circumstances have most definitely changed. This year’s budget was largely split into two. The first part was a large extension of the support already in place. The focal point was an extension of the furlough […]
GBP Sterling erased early losses against the dollar on Tuesday as the pound benefited from global investors purchasing UK assets amid fresh optimism that the UK economy is on track to show a post-Covid economic recovery. During early trade, sterling traded close to its lowest level for two and a half weeks as the increase […]
GBP Sterling fell against a basket of currencies on Friday as market sentiment shifted to risk-off following an aggressive sell-off in global stock markets. Volatility in global stock markets has significantly influenced the value of sterling since the outset of the pandemic in March 2020 with sterling trading in close alignment with stock market swings. […]
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 […]
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 […]
GBP The pound raced ahead again to start Thursday against the € and $ and has attracted more market participants such as pension funds, insurance funds, real estate investment trusts, asset managers and other finance houses as cited by market analysts. The pound appears to still be benefiting from the so far successful vaccine rollout […]
GBP Sterling’s run of strength continued as inflation data beat expectations yesterday further pushing the already surging currency supported by very positive numbers regarding the vaccine rollout. Inflation figures being higher than expected also again reduces the likelihood of negative interest rates. Sterling is currently on a run of 6 straight week of gains against […]
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 […]
GBP Sterling posted fresh highs against both the euro and dollar yesterday as positive vaccine sentiment and optimism for an end to the third national lockdown helped boost the pound. The move higher which saw GBP-USD trading at 34 month highs and GBP-EUR at 9 month highs follows comments over the weekend from British Prime […]
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 The pound has retained its position as the 2021’s top performing G10 currencies, despite fears around the impact of trade disruption caused by Brexit. Support has come from the UK’s successful vaccine rollout, the greater chances of an economic recovery as a result and last week’s Bank of England meeting where it was realised […]
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 Pound Sterling has risen against the dollar for four months in a row for the first time since 2012, and forecasters expect this to continue as the vaccination program continues to step and boost the chances of an economic rebound. This confidence is not driven by sentiment alone, around 9 million people have been […]
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 […]
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Monthly Currency Market View April 2020
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