Pound News: Sterling Firms on Latest UK GDP Data The Pound has been steady for much of the day following the latest UK GDP release this morning which, although confirmed a contraction in growth during Q1, also showed that the economy grew by 2.1% in March, the most since August as the UK began to … Read more Pound Strengthens, USD Rebounds as Inflation Surges
Pound News: Sterling Soars on UK Lockdown Easing The Pound surged through much of today’s session as optimism continues to build over the next stage of lockdown easing in England on the 17th May. Prime Minister Boris Johnson is expected to lead a press conference this evening to confirm to the nation that the easing … Read more Pound Boosted by UK Lockdown Easing
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 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
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
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
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
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
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
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