All Eyes on the ECB

GBP The pound finished the week down against both the dollar and euro despite the change in tone from the Bank of England and better than expected CPI figures. Two speeches last week from Monetary Policy Members Ramsden and Saunders were more hawkish than the markets expected, and sterling rallied off the back of it,…

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Pound Needs BOE’s Support to Push Higher

GBP The pound had a volatile time last week with both positive and negatives driving the currency up and down. On Thursday, the Bank of England Governor Andrew Baily made a speech where he warned overreacting to “temporary” inflationary pressures, prompting some re-pricing in tightening expectations and sell off in Sterling. On the positive side,…

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Can the Fed Still Ignore Inflation?

GBP The Pound had a mixed week making a small gain of 0.1% against the Euro but fell by 0.4% against the Dollar. April’s GDP and industrial production figures were slightly disappointing on Friday and the hangover from Brexit has weighed on the Pound. The so called “sausage war” is leading to growing tensions between…

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Super Thursday Expected to Drive Volatility

GBP The Pound had a difficult week, losing ground against every G10 currency apart from the New Zealand Dollar. Against the Euro, Sterling finished flat but lost a quarter of one percent to the US Dollar. The Pound has suffered due to uncertainty around the full reopening of the economy on the 21st of June.…

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June’s Big Unlock Looks to Push Pound Higher

GBP The Pound was the third best performing G10 currency last week losing only a small amount to both the Canadian Dollar and Swiss Franc. Against the Euro, Sterling finished up by 0.1% but spent the week trading in an 80-pip range and bouncing between 1.1570 and 1.1650. Versus the Dollar there was an increase…

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Covid Variants Could Dampen Pounds Potential

GBP The Pound was the top performing G10 currency last week, increasing by 0.8% against the Dollar and just under 1% versus the Euro. GBP/EUR closed the week just above 1.16 following its best week since February. Sterling benefited from an expiry of election related political risks, as well as first quarter GDP data that…

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Pound Undervalued According to Major Banks

GBP The pound manged to regain some of the losses it sustained the week before, increasing by 0.3% against the Euro and 0.9% against the Dollar. Though Sterling did suffer a shock at the beginning of the week when the Bank of England’s Chief economist Andy Haldane announced he would be leaving the bank. Haldane…

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Pound Looks to Regain Recent Losses

GBP The pound had a mixed week, gaining 0.3% against the euro but weakening 0.9% against the dollar. The FX markets have been extremely volatile over the last week due to several factors influencing the markets. Sterling went through what looked like a corrective phase versus the euro dropping to a 20-day high mid-week before…

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BOE and FED in the Spotlight

GBP The pound managed to recapture some of the losses it sustained the week before last as it gained by 0.3% and 0.6% against the euro and dollar, respectively. Though the US bond market failed to settle as we saw another blow out on Friday, sterling managed to make overall weekly gains despite a difficult…

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Big 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…

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