Posts Tagged ‘FED’
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…
Read MoreCovid 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…
Read MoreBOE 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…
Read MoreWill the ECB match the FED?
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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