Market Update
- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 1, 2021
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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 […]
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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
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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 […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 3, 2021
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GBP has again seen some slight strength against The EUR this morning after fresh signals from Boris Johnson that all Covid restrictions will be lifted on June 21st as originally planned. Although cases are rising throughout The UK, the hospitalisation and death numbers are still relatively low which suggests the vaccines are breaking the link between […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 27, 2021
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The UK’s economic recovery has recently been overshadowed by new Covid variants leading to a rise in infections, with a daily high of 3,000 cases for the first time since Mid-April. Prompting questions over the further easing of government restrictions on June 21st. UK inflation beat expectations in April, improving by 1.5% largely due to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- May 20, 2021
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In the UK we had inflation data for April which beat expectations of 1.4%, coming out at 1.5%. This was an increase of more than double in comparison to the figures in March. The main reason for inflation increasing so much was due to a rise in energy prices not seen since the beginning of […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 13, 2021
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We saw some more cause for optimism for The UK’s road to recovery out of the current pandemic with GDP figures showing that The UK’s economy grew stronger than expected in March by 2.1%. Quarterly GDP for the first 3 months of 2021 dropped by 1.5% but again was surprisingly softer than the initial 1.7% […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- April 29, 2021
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This week has been a quiet week on the economic front for Sterling, however the positive outlook for The UK keeps improving with Covid cases and deaths continuing to drop due to the steady vaccination rollout. This sentiment was further strengthened with the announcement that The UK has secured an extra 60 million Pfizer doses […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 23, 2021
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UK Consumer confidence for the UK has reached its peak since Covid-19 restriction have been put in place. Following suit, consumer spending has now breached pre-pandemic levels. Will this economy continue to rebound? Retail footfall, namely public transport, pubs, restaurants have recovered over the past couple of weeks which could continue to recover further as […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 22, 2021
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UK Wednesday saw the release of Inflation data for March in The UK. The figures although up from February’s 0.4% due to an increase in the cost of fuel, transport and clothes, was still a little short of the 0.8% expected with lower food prices offsetting other price rises. The rise in fuel prices in […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 16, 2021
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The British Pound came under pressure against the Euro this morning; declining more than 2% in April alone. However, a still-positive technical setup and solid underlying fundamentals which could encourage a recovery in the near-term. There was no discernible news to pin the declines on, but more and more analysts are awaking to the prospect […]
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