Vaccine continues to push Pound higher
GBP Once again, the pound advanced against both the dollar and euro by 1% and 1.1% respectively. The only G10 currency the pound failed to make gains against was the Australian dollar but only by 0.2% as the power of the vaccine success continued to push sterling higher. The UK economy looks set to make…
Read MoreNew Year, New Lockdown
GBP The Pound started the year off well following the announcement of UK-EU trade deal just before Christmas but then started to struggle as Covid-19 cases continue to rise. Against the Euro the pound fell by just over one percent and had similar results against the Dollar though did hit a high since May 2018…
Read MoreAnother Deadline Broken as Talks Drag On
GBP The Pound was the worst performing G10 currency last week as hopes for a trade deal between the UK and EU started to wane. Boris Johnson arrived in Brussels on Wednesday evening to have dinner with Ursula von der Leyen but was unable to close the gap on any of the key sticking points.…
Read MoreThe Final Showdown
GBP Last week was one of the most volatile for the Pound as the Brexit merry go round continued, leading to sterling having a price range of 1.7% against the dollar and 1% against the Euro. The rumours continued to circulate with stacks of pizzas getting delivered to late night negotiations and leaked news that…
Read MoreSterling set to accelerate higher
GBP The Pound finished the week just north of the 1.12 handle against the Euro and just below 1.33 against the Dollar. Though a positive week overall for Sterling it never manged to break through the key resistance levels of 1.1215 and 1.3310 and instead spent week bouncing back off them. Should these levels be…
Read MoreBig Week for Brexit
GBP The pound started the week strongly as news broke on an effective COVID-19 vaccination being produced by Pfizer and that the UK Government had pr-ordered 40 million doses. This is by far the highest order compared to population size meaning that the UK economy is now on course to recover faster than its western…
Read MoreThe Post Trump Era
GBP The pound had an average week as it played second fiddle to the main event across the pond. Sterling only made gains against the Dollar (1.8%) and Yen (0.45%) but lost ground to the Euro (0.4%). There were more Brexit headlines this week though they did not bring anymore news as Michel Barnier reiterated…
Read MoreAre the US Polls Accurate or can Trump Stage Another Shock Victory?
GBP The Pound finished the week by hitting a seven-week high against the Euro. This high was due to confirmation from Ursula von der Leyen, the President of the EU commission that the UK-EU negotiations are making progress. Though she did confirm that there were two key issues which still needed to be sorted, these…
Read MoreThe Pound in Limbo, Dollar Continuing to Struggle and the Euro in for a Difficult Week
GBP Yet another rangebound week for the pound against the euro as it traded in a one and half percent range between 1.0931 and 1.1096. The price action has been driven as always by Brexit headlines though it feels that we are inches towards a deal as Emmanuel Macron was reported to concede his hard…
Read MoreIs Johnson’s Bluffing and Trump’s Last Chance
GBP Brexit negotiations dragged the pound backdown after hitting a 5-week high against the Euro on Wednesday afternoon. Boris Johnson’s self-imposed deadline of the 15th of October has now been and gone and with no further breakthroughs at the tenth round of talks tensions are starting to ride high on both sides of the channel.…
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