Posts Tagged ‘BREXIT’
GBP Awaits GDP Data, Lagarde & Powell in Focus
Currency Pairs – Mid-Market Rates Currency Pair Rate GBP – USD 1.2405 GBP – EUR 1.2030 EUR – USD 1.0310 Interest Rates & Inflation Country Interest Rate Inflation Eurozone 2.9% 2.5% UK 4.5% 2.5% US 4.5% 2.9% GBP EUR USD We specialise in helping businesses and individuals manage foreign exchange risks through expert insights, personalised…
Read MorePound Gains as BoE Eyes Cautious Easing; Euro Stagnates Amid Weak Data; Dollar Under Pressure Ahead of Key Fed Decision
GBP The Pound showed strength against its major peers during this morning’s session, driven by expectations that the Bank of England will slow its policy-easing cycle compared to other central banks. Despite a noticeable slowdown in UK services inflation (a key indicator closely watched by BoE policymakers) the reduction hasn’t been sufficient to trigger aggressive…
Read MorePound Wavers, Euro Strengthens & USD Awaits Fed Clarity
GBP The Pound Sterling experienced a dip against both the Euro and the US Dollar following the Bank of England’s recent rate cut. Despite this initial drop, the Pound demonstrated resilience amid relatively hawkish rhetoric and global market dynamics. The GBP|USD exchange rate hit a 4-week low before staging a recovery. The BoE’s Monetary Policy…
Read MoreSterling Weighted by Uncertainty, Euro Braces Amidst Policy Divergence & Dollar Holds Steady
GBP The Pound experienced a decline from its recent monthly high against the Dollar, dropping to approximately 1.2610 (current as of time of writing), just ahead of Bank of England Governor Andrew Bailey’s scheduled speech this evening. GBP|EUR has traded fairly flat since dropping from its monthly high of 1.1740 last week, currently trading at…
Read MorePound’s Resilience, Euro’s Tussle, and the Dollar’s Balancing Act
GBP Sterling successfully held its recent gains against its G10 peers, primarily due to diminishing expectations of a potential interest rate cut by the Bank of England. Notably, GBP|EUR strengthened by over 0.5% last week and is currently sitting at 1.1627. After taking a hit at the start of the year, GBP|USD has since recovered…
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…
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