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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
To say the 2020 US presidential election was unique would be an understatement. Set against a backdrop of the coronavirus pandemic, violent protests, the rise of misinformation and a fractured electorate, the road to the White House was far from smooth – both for the candidates and the dollar, which has tumbled in value since […]
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 […]
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 […]
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 […]
GBP Sterling remained at near three-month highs against the Dollar but fell slightly against the Euro late last week, as Brexit talks continued whilst the currency also brushed off talks of a Scottish independence referendum that could cause major uncertainty down the line after Brexit. Weakness in the U.S. dollar caused by thin trading due […]
GBP Sterling continued to trade at one-week highs against both the Dollar and Euro as Sterling was aided by a weaker U.S. dollar and by increased hopes that the UK will forge a post-Brexit trade deal with the European Union before the January deadline. The EU and UK chief negotiators did however announce yesterday evening […]
GBP GBP-USD enjoyed a strong day of trade yesterday and continues the run off from this morning trading at 1.3272. GBP-EUR also maintained its levels and opened today over 1.1150. Reports are now suggesting a deal is close and we could expect the announcement as early as next week. Although, it must be noted, all […]
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 […]
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 […]
GBP Sterling had a mixed day on Tuesday as it was mainly affected by the political events in the US. The currency remains highly volatile as the US election hangs in the balance and ignored the fact that the UK and EU have so far failed to reach an agreement on three sticking points in […]
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 […]
GBP Sterling traded within a cent range against the Dollar at the end of last week, absence of news around ongoing Brexit trade negotiations left currency markets reluctant to make big bets either way on the currency. Sterling did however manage to reach a two-month high against an under performing and under pressure Euro last […]
GBP Sterling had a turbulent day yesterday after positive Brexit headlines and rising covid cases were announced. The president of the EU Commission , Ursula von der Leyen,- said yesterday, talks are making “good progress’ and the two sides are approaching a deal. ‘A level playing field and fisheries are the only two points left […]
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 […]
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Monthly Currency Market View April 2020
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