Posts Tagged ‘Pound’
Sterling Optimism, Euro Challenges, and Dollar’s Dilemma
GBP The Pound continued its upward trajectory against both the Euro and the Dollar this week, reaching multi-month highs of 1.1680 and 1.2720, respectively. Sterling’s ascent was fueled by the optimistic statements from various Bank of England (BoE) officials, including Governor Andrew Bailey, following robust UK business PMI data in the previous week. Throughout the…
Read MorePound 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…
Read MoreWill Rishi’s Budget Back the Pound?
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 MoreVaccine continues to push Pound higher
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 MoreUS-China trade talks set to resume
STERLING The Pound hit its lowest level against the US Dollar in over two-weeks on Thursday at 1.2854 after the Bank of England voted 9-0 to leave the Bank Rate on hold at 0.75%. Growth forecast’s they predicted only three months ago were revised lower from 1.7% to 1.2%. The Pound strengthened during the press…
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