Vaccine

02/03/2021

Dollar gains as US treasury yields rise

USD The dollar has gained in the past couple of days as U.S. government bond yields jump on expectations that growth and inflation will increase as the administration prepares new fiscal stimulus and vaccinations against COVID-19 become more widespread. This saw the dollar index rise to a three-week high as investors bet on faster growth […]

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 […]

19/02/2021

Sterling Reaches Uncharted Territory

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 […]

18/02/2021

Sterling’s run of strength continues

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 […]

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 […]

16/02/2021

Positive vaccine sentiment lifts Sterling

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 […]

15/02/2021

Sterling outperforms G10 currencies

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 […]

11/02/2021

Sterling maintains position as top performing G10 currency of 2021

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 […]

10/02/2021

Vaccination program continues to boost Sterling

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 […]

09/02/2021

Sterling supported as Covid infections fall

GBP Sterling continued its strong run of form as vaccination numbers paint somewhat of a positive picture for the UK. Close to 20% of the adult population have now been given their first dose which towers over the mere 3.7% vaccinated in the EU. Furthermore, the UK’s approach to vaccinate those in the highest risk […]

03/02/2021

Sterling supported as UK Covid infections fall

GBP Pound Sterling had somewhat of a turbulent day yesterday but ultimately ended on what seems to be a stable ground. Economic data did, however, show a worrying figure with nationwide housing prices reading at -0.3% from a previous 0.9%. This was the first drop for months and an area the Bank of England will […]

02/02/2021

UK’s vaccine rollout keeps sterling supported

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 […]

29/01/2021

Risk sentiment shifts with Pfizer vaccine supply in the spotlight

GBP Sterling experienced a generally positive week of trade, rising by two-thirds of a percent, as new 8 months highs were experienced against the Euro. There was some trouble mid-week but the pound was able to recover and remains stable as we move into the weekend. Sterling was strengthened further by better than anticipated unemployment […]

28/01/2021

EU eyes UK vaccine supply as GBP/EUR eases from 8month highs

GBP Sterling continued its steady run of strength throughout most of Tuesday before ultimately cooling off in the afternoon, with Sterling briefly hitting an 8 month high against the Euro. The main driver of the run upwards against the Euro was German consumer confidence data underwhelming currency markets on release, delivering its worst reading since […]


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