Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, election, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 28, 2021
- No Comments
GBP has fallen this morning against major currencies off the back of comments from Boris Johnson yesterday that seem to suggest the current lockdown in The United Kingdom will be extended until at least the 8th of March. This decision has been driven by the fact that the PM believes if the drop in cases […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, Fed, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 27, 2021
- No Comments
Sterling edged above $1.37 ahead of comments from Federal Reserve Chair Jerome Powell, while Britain’s COVID-19 vaccine rollout also offered support to the pound. Expectations of a large U.S. fiscal stimulus package has fuelled risk sentiment in markets in recent weeks, benefiting sterling and market participants are expecting Powell to renew a commitment to ultra-easy […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 26, 2021
- No Comments
Sterling fell to its lowest in a week against the dollar and traded near one-week lows against the euro as more subdued risk sentiment across broader asset markets weighed on the currency. Broader equity markets as measured by MSCI’s All Country World Index and Wall Street futures were lower, giving the dollar a lift, while […]
READ MOREMarket Update
- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 21, 2021
- No Comments
Sterling has continued its climb against both EUR & USD over the past 48 hours due mainly to December Inflation figures beating expectations for both Yearly & Monthly figures. The main contributors behind the inflation numbers rising were increases in costs of Transport and computer game consoles. Projections for inflation figures through the early parts […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- October 12, 2020
- No Comments
UK PM Boris Johnson is expected to announce a new three-tier lockdown system later today in a further effort to stem the spread of Covid-19. The new system will allow the government to put certain areas in lockdown depending on the current infection rate and will prevent a further national lockdown from happening. While the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 29, 2020
- No Comments
The British pound rose more than 1% yesterday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the bloc. The EU and Britain kicked off a decisive week of talks on Monday but cautioned that a deal was still some […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, No Deal, Prime Minister, Sterling, UK, Uncategorised
- September 21, 2020
- No Comments
With latest reports showing global cases rising above the 30 million mark, prompting the WHO to warn that renewed increases in Europe are a “wake-up call”, the prospect of further lockdown measures being implemented remains a real threat. The same is true for the UK, which along with ongoing Brexit uncertainty, represents key risks for […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Fed, GBP, No Deal, Sterling, UK, Uncategorised
- September 17, 2020
- No Comments
The Bank of England is expected to signal that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock. The BoE has already cut interest rates to a record low 0.1% and ramped up its bond-buying programme to almost $1 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- September 14, 2020
- No Comments
The pound rose against the dollar and euro, stabilising somewhat after recent falls, as investors waited for a key Brexit vote. Sterling had its worst week in six months last week, as investors grew more pessimistic about the chances of a Brexit deal being reached before the December 2020 deadline. Britain threw Brexit talks into […]
READ MORE
Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Fed, GBP, Sterling, UK, Uncategorised
- June 11, 2020
- No Comments
The pound fell against the dollar and euro overnight before steadying, with the dollar lifted by a bleak economic outlook from the Federal Reserve, and Brexit and the risk of negative rates continuing to weigh on sterling. The dollar bounced against riskier currencies after the U.S. Fed’s economic outlook spooked investors. Sterling had risen against […]
READ MORE
