Weekly Update: USD Tumbles Following Dismal Payroll Figures, Pound Undermined by BoE

USD

The US Dollar fell back this week, as the safe-haven currency was undermined by a prevailing risk-on mood and underwhelming payroll figures. At the same time, the Pound found its gains tempered this week after the Bank of England (BoE) struck a slightly more cautious tone than expected following its latest policy meeting. Pound Stumbles … Read more Weekly Update: USD Tumbles Following Dismal Payroll Figures, Pound Undermined by BoE

Pound Steady ahead of BoE Rate Decision and Scottish Elections

Pound Sterling

Pound News: Sterling Steady on UK’s Rapid Economic Recovery The Pound is steady today as investors remain optimistic over the UK’s economic recovery from the coronavirus pandemic as the next stage of lockdown easing in England nears. GBP exchange rates continue to remain steady against the Euro and US Dollar though weaken against risk-correlated currencies … Read more Pound Steady ahead of BoE Rate Decision and Scottish Elections

Weekly Update: Euro Retreats as Eurozone Slips into Double-Dip Recession

Pound Sterling

The Euro fell from its best levels this week after the Eurozone’s latest GDP figures confirmed the bloc plunged into a double-dip recession over the winter. At the same time, the US Dollar suffered a sharp selloff after the Federal Reserve struck a notably dovish tone following its latest policy meeting. Pound Rally Tempered by … Read more Weekly Update: Euro Retreats as Eurozone Slips into Double-Dip Recession

US Dollar Struggles on Dovish Fed and Improving Global Market Mood

US Dollar

Pound News: Sterling Supported by UK Economic Recovery Optimism The Pound is steady today as investors remain optimistic over the UK’s economic recovery from the coronavirus pandemic. GBP exchange rates continue to remain steady against the Euro and US Dollar though weaken against risk-correlated currencies like the ‘Aussie.’ A lack of any notable data could … Read more US Dollar Struggles on Dovish Fed and Improving Global Market Mood

Weekly Update: Euro Lifted by Cautious ECB Optimism, Pound Stumbles from Highs despite Upbeat Data

Pound Sterling

The Euro firmed this week, finding support from a more upbeat outlook from the European Central Bank and the weakness of its main rival the US Dollar. At the same time, after an initial surge, the Pound found itself on the defensive through most of this week as some positive data releases were undermined by … Read more Weekly Update: Euro Lifted by Cautious ECB Optimism, Pound Stumbles from Highs despite Upbeat Data

Sterling Surges while US Dollar Tumbles

Pound Sterling

Pound News: Sterling Buoyed as Support Outlook Remains Optimistic The Pound soared today amid an upbeat market trade, recovering last week’s losses and rising near a one-month high against the US Dollar Investors continue to find the Pound broadly appealing, amid expectations that Britain’s economic recovery will pick up more momentum. Many major UK economic … Read more Sterling Surges while US Dollar Tumbles

Weekly Update: US Dollar Undermined by a Dovish Fed, Pound Slides in spite of UK Reopening

USD

The US Dollar came under broad pressure this week, mostly as a result of dovish commentary from Federal Reserve Chair Jerome Powell. At the same time, the Pound found itself on the back foot this week as the reopening of the UK economy was offset by vaccine concerns and the shock stepping down of the … Read more Weekly Update: US Dollar Undermined by a Dovish Fed, Pound Slides in spite of UK Reopening

US Dollar Weakens as Federal Reserve Rate Hike Speculation Cools

USD

Pound News: Sterling Struggles to Mount Recovery after Wednesday’s BoE Shock News that Bank of England (BoE) Chief Economist Andy Haldane would step down from his role in the summer came as a shock to investors yesterday. The announcement led to Sterling was slipping amid speculation that his successor could be comparatively dovish. However, analysts … Read more US Dollar Weakens as Federal Reserve Rate Hike Speculation Cools