Market Update
- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2021
- No Comments
Sterling edged lower against the dollar this morning, but held most gains made against the greenback on the back of a risk rebound at the start of the week that saw the British currency bounce nearly 1%. The pound has traded roughly in line with risk sentiment in global markets, and a recovery in world […]
READ MORE
Market Update
- Posted by Shyam Gokani in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- August 9, 2021
- No Comments
The pound slipped slightly in early trading against the US Dollar but was still close to its strongest versus the euro since February 2020, as investors focused on the possible pace of monetary policy tightening after the Bank of England meeting last week. In recent weeks, sterling has outperformed as COVID-19 cases have fallen and […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 29, 2021
- No Comments
The British Pound has continued its recovery this week with a continuation of daily drops in Covid cases against the figures released 7 days earlier. Earlier this week, The UK saw a 38% drop for week on week cases, bringing some optimism that the third wave ending may well be in sight. With cases having […]
READ MORE
Market Update
- Posted by Shyam Gokani in Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 21, 2021
- No Comments
Sterling edged lower this morning and was set for its fifth consecutive daily decline versus the dollar and Euro amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The government said that while cases are rising, hospitalisations and deaths remained low. Confusion on the removal […]
READ MORE
Market Update
- Posted by Shyam Gokani in coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- July 8, 2021
- No Comments
GBP is set to at least hold it’s value throughout July with the freedom day of July 19th set to go ahead after being given the green light from Boris Johnson. The main factor behind this decision is due to the correlation that vaccines are having on bringing down hospitalisations and deaths. Economically, GDP is […]
READ MORE
Market Update
- Posted by Shyam Gokani in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- July 7, 2021
- No Comments
The pound has steadied against major currencies this morning after hitting a week’s high against the dollar and a 12-day high against the euro this week as Britain set out reopening plans following the COVID-19 pandemic. Sterling had found support this week on British Prime Minister Boris Johnson’s plans to COVID-19 restrictions in England in […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- July 5, 2021
- No Comments
The pound nudged higher this morning with the British government expected to announce it will proceed with plans to fully reopen the economy later this month despite a surge in COVID-19 cases. After falling to its lowest level since mid-April at $1.3733 last week, the pound was 0.1% higher against the dollar at $1.3852 by […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 1, 2021
- No Comments
The pound dropped off this morning after Bank of England Governor Andrew Bailey warned against over-reaction to rising inflation in Britain. Bailey said in his annual Mansion House speech that it was important to ensure that the recovery was not undermined by a premature tightening in monetary conditions, as a rise in inflation was likely […]
READ MORE
Market Update
- Posted by Shyam Gokani in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- June 30, 2021
- No Comments
The British pound is slightly lower this morning as investors waited to hear whether Britain and European Union will agree to extend an exemption on customs checks on chilled meat shipments to Northern Ireland. The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 24, 2021
- No Comments
Today the main focus for GBP is the Bank of England Interest Rate decision. The expectation is expected to see rates kept at their current levels along with existing Quantitive Easing measures to continue for the foreseeable, however it has been stated that The Bank of England will be keeping an eye on inflation which […]
READ MORE
