Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News

Sterling Steady Despite Uncertain Outlook

Written by James Spurway on Wednesday, July 1, 2020. Currency News - Sterling / EUR

Pound News: Sterling Ends Quarter Recovering but Outlook Gloomy Sterling has been recovering slightly since yesterday as investors buy it back from its cheapest levels. However, Sterling found no notable support in UK manufacturing data, which met expectations. In fact, the Pound’s outlook remains filled with uncertainties, with Brexit and coronavirus weighing on Pound exchange…(read more)

Coronavirus Fears Limit Risk Appetite as Death Toll Passes 500,000

Written by James Spurway on Monday, June 29, 2020. Currency News - Sterling / EUR

Pound News: UK Funding Fears Keep Sterling under Pressure The Pound continued to weaken today, with lingering coronavirus and Brexit fears weighing on the Sterling. Added to these fears, today’s speculation that the UK government is preparing to ramp up infrastructure plans for Britain were not enough to support demand for the Pound as concerns…(read more)

Weekly Update: Pound Undermined by Second Wave Fears, US Dollar Rallies amidst Transatlantic Trade Jitters

Written by James Spurway on Friday, June 26, 2020. Currency News - Sterling / EUR

The Pound struggled to find support this week as any optimism over the UK government’s plans to reopen more of the economy was undermined by a warning over a second wave of coronavirus infections. The US Dollar, meanwhile, recouped some initial losses as markets were spooked by both a possible coronavirus resurgence as well as…(read more)

‘Second Wave’ Risk Continues Causing Market Anxiety

Written by James Spurway on Thursday, June 25, 2020. Currency News - Sterling / EUR

Pound News: Sterling Fails to Hold as Investors Avoid Risks The Pound remained one of the market’s least appealing major currencies as investors moved to avoid taking risks. As Sterling is seen as increasingly risky, it remained low against other major currencies while safer investments rose. Looking ahead, Sterling may lack the support to advance…(read more)

Pound Flounders on Shifting Risk Sentiment

Written by James Spurway on Wednesday, June 24, 2020. Currency News - Sterling / EUR

Pound News: Increasingly Risky Sterling Flounders amid Coronavirus Uncertainty Market concerns over Britain’s coronavirus and Brexit situation continue to cast a gloomy shadow over the Pound’s outlook. Despite the UK government’s announcement to ease lockdown measures and reopen more of the economy on 4 July, Sterling continues to shift with risk appetite. Unless the CBI’s…(read more)

‘Second Wave’ Coronavirus Fears Keep Pound Low

Written by James Spurway on Monday, June 22, 2020. Currency News - Sterling / EUR

Pound News: Bank of England Hopes Fail to Trigger Sustained Pound Recovery The Pound found limited support this morning as Bank of England (BoE) Governor Andrew Bailey indicated that the bank could begin to reign in UK quantitative easing (QE) before interest rates are hiked. However, investors remain anxious about the bank’s handling of the…(read more)

Pound Plummets Following BoE Stimulus Announcement, US Dollar Strengthens

Written by James Spurway on Friday, June 19, 2020. Currency News - Sterling / EUR

The Pound fell sharply this week following the Bank of England’s (BoE) announcement that it would be expanding its quantitative easing programme by £100bn but slowing the pace of bond purchases. The US Dollar, meanwhile, was catapulted higher by coronavirus jitters amid growing fears about a second wave of infections.   Pound Sterling Plunges on…(read more)

Bank of England’s (BoE) Mixed Tone Leaves Markets Jittery

Written by James Spurway on Thursday, June 18, 2020. Currency News - Sterling / EUR

Pound News: Sterling Struggles to Sustain Gains as Bank of England (BoE) Stance Mixed The Bank of England (BoE) surprised investors with a split stance on quantitative easing (QE) today. As one policymaker felt QE didn’t need expanding, this was perceived as hawkish, helping the Pound to avoid losses. On the other hand though, the…(read more)

UK Inflation and ‘Second Wave’ Coronavirus Fears in Focus

Written by James Spurway on Wednesday, June 17, 2020. Currency News - Sterling / EUR

Pound News: UK Inflation Data Keeps Gloom on Sterling This morning’s UK inflation results came in fairly close to forecasts – but were also the worst inflation figures since June 2016. Amid concerns that Britain’s economy would continue to be hit hard by the coronavirus pandemic, Sterling remains under pressure. Tomorrow will see the Bank…(read more)

Fears of Coronavirus ‘Second Wave’ Leaves Markets Jittery

Written by James Spurway on Monday, June 15, 2020. Currency News - Sterling / EUR

Pound News: Coronavirus and Brexit Uncertainty Keeping Sterling Pressured The Pound is seeing mixed movement today overall. It has been kept under pressure by concerns over Britain’s handling of the coronavirus, but for now Sterling is avoiding fresh major losses. Investors may be hesitant to move too much on the British currency ahead of the…(read more)

© Copyright 2013 to 2020 | Foremost Currency Group Ltd | All rights reserved