GBP Last week the pound fell 1.8% against the dollar but gained 0.5% against the euro. The reason for the fall against the dollar was down to dollar strength compared to sterling weakness. The pound gained a boost on Thursday as Bank of England Governor Andrew Bailey commented on the use of negative interest rates…

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GBP The pound managed to regain some of the losses it has sustain since the release of the Internal Markets Bill and strengthened by one percent against both the US dollar and the euro. Sterling managed to survive the Bank of England’s dovish rate decision, which hinted at the use of negative interest rates soon.…

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GBP Last week the Pound fell by almost 4% against the euro due to the release of the Internal Market Bill which in the governments’ own words would breach international law. Boris Johnson said the bill is intended only as “a legal safety net designed to protect our country against extreme or irrational interpretations”. But…

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GBP The pound finished down 1.3% against the dollar last week after hitting an 8-month high of 1.3482 on Tuesday. Against the Euro, the pound ended the week flat but a 3-month high 1.1280 was hit on Wednesday. The pound saw most of its weakness come off the back of a Reuters report that the…

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GBP Last week the pound made gains against both the euro and dollar, of 1.1% and 2% respectively. This largely due to a background of data releases for the July-August period showing that the UK economic recovery is accelerating, in addition Bank of England Governor Andrew Baily stated that there is ample firepower left to…

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GBP The pound had a turbulent second half of last week, on Wednesday it nearly equaled the year high against the dollar before dropping a percent and a half. Cable then repeated this pattern over the course of Thursday afternoon and into Friday. Against the euro we saw a similar volatility of 1.4% towards the…

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GBP The pound finished the week 0.3% higher against the dollar compared to the opening rate on Monday morning. Though this is a small move overall we saw 1% of total volatility in cable, most of this coming off the back of the UK officially entering a technical recession after posting negative growth of 20.4%…

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GBP The pound ended last week flat after trading in a 15-pip range against the Euro for the whole of Friday afternoon. Against the Dollar it lost some of the gains it had racked up during the back end of the week but remained firmly above 1.30. GBP has a busy mid-week data schedule with…

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GBP & EUR GBP fell on average 3% against all major currency pairs over the last one week, drawing a fresh 5-month low on GBP/EUR and GBP/USD. Last week we saw both the UK & EU play hard ball with their mandate of an ideal trade deal, which saw GBP come off towards the back…

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GBP A relatively data-light week ahead in the FX market for both GBP and EUR, with UK consumer confidence being the only data drop on Friday morning. The G20 Summit took place over the weekend, in which UK officials criticised the EU over its indecision regarding the mandate presented for post-UK trade talks. The relationship…

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