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…

Read More

GBP Although there was significant intraday volatility throughout the week the pound ended the week flat versus the euro and down 0.4% to the dollar. The Bank of England’s monetary policy committee meeting was the main talking point for the where the bank voted to unanimously keep rates at 0.1%. Though the pound did not…

Read More

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 More

GBP The unrivalled strength of the Pound driven by the vaccine rollout now looks to have come to an end as the bond and equity markets had a difficult week. Sterling ended the week 0.6% lower against the dollar, most of this move came after the equity sell off in the United States on Thursday…

Read More

GBP Sterling started the week in the same vein as it had for entirety of 2021, reaching new highs against both dollar and euro in the early hours of Thursday morning. This strength came of a back of a rumour from the Telegraph that the lockdown roadmap may be able to be shortened if everything…

Read More

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 More

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 More

GBP The pound finished the week strongly and managed to match the weekly high against the Dollar at just over 1.30 as sentiment towards the UK EU negotiations turned positive yet again. Against the Euro the Pound spent most of the week bouncing between 1.1015 and 1.0960, the price action fuelled by headlines about the…

Read More

GBP The Pound had a roller coaster week as it reacted to every headline and rumour coming out of the Brexit negotiations, with the volatility reaching 1.4% for the week. Though given the volatility the pound still managed to finish the week 0.3% up against the euro and just over 1% against the dollar. The…

Read More

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…

Read More