Vaccine

19/04/2021

Market report: pound drops as investors’ heads turn

GBP Sterling suffered significant losses against EUR and USD last week as a shift in recovery sentiment caused investors to look elsewhere. This comes as the UK’s vaccination rate advantage over the EU had diminished, causing increased confidence in the euro. The UK’s daily run-rate is currently 437,000 vaccinations a day, but the growing need for second doses means the number of […]

31/03/2021

GBP boosted as economy optimism grows

GBP Sterling made gains against the euro on Tuesday, trading close to a 13 month high. This is a modest 4.5% gain since the start of this year. This rise can mostly be attributed to growing optimism around the UK’s vaccination rollout, eased lockdown measures causing an expected economic bounce and the Bank of England (BoE) looking less likely […]

30/03/2021

The pound hits 13 month high vs the euro

GBP Sterling surged to a 13 month high against the euro yesterday morning while holding strong against the dollar. The upwards swing didn’t last long, however, and the pound had dipped again by the afternoon. Although there’s no real data to explain these swings, the volatility could be down to a new financial quarter beginning […]

29/03/2021

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 […]

25/03/2021

Dollar remains on the front foot

USD The dollar remained strong against its peers yesterday as data showed US factory activity picked up in early March amid an increase in new orders. However, US manufacturing PMI only increased to 59 in the first half of this month from a final reading of 58.6 in February, when activity took a step back […]

23/03/2021

GBP falls on EU threat to block vaccines

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 […]

22/03/2021

UK’s vaccine rollout keeps sterling supported

GBP Sterling rallied against the euro on Friday as it continues to benefit from the UK’s vaccine rollout and the Bank of England’s (BoE) decision to keep monetary policy unchanged and interest rates at record lows. Sterling has already could come under renewed pressure this morning as the EU is set to block exports of […]

11/03/2021

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 […]

09/03/2021

Positive sentiment continues to prop up Sterling

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 […]

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 […]


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