Pound (GBP) Subdued amid Brexit and Covid Headwinds The Pound (GBP) has traded within a narrow range today as the currency faces headwinds from fresh Covid-19 restrictions and Brexit. The UK announced yesterday that it would be re-implementing the compulsory wearing of face masks in some public settings. Investors will be watching these moves closely … Read more Pound Struggles amid Fresh Covid Restrictions, Euro Dented
The Pound struggled to attract support this week as it was repeatedly undermined by Brexit developments which saw investors shrug off some positive UK data releases. At the same time, the US Dollar was bolstered by Federal Reserve rate speculation, before falling in tandem with US Treasury yields. Pound Rocked by Brexit Concerns GBP/EUR – Down one cent on … Read more Pound Undermined by Brexit Concerns, US Dollar Fluctuates on Fed Rate Hike Speculation
Pound (GBP) Climbs as Industrial Orders Surge The Pound has slowly climbed today, bolstered by news this morning that British industrial orders surged in November to their highest levels since 1977. These gains may have been tempered by Brexit headwinds however, as EU negotiator Maroš Šefčovič chided the UK today over a lack of ‘clear political will’ to make … Read more US Dollar Buoyed by Consumer Spending, Euro Falls as COVID-19 Cases Spike
Pound News: GBP Slips as BoE Bailey Cautious on Inflation Risks The Pound is struggling for support on Monday but is holding near a 21-month high against the Euro. Comments from Bank of England (BoE) Governor Andrew Bailey struck a cautious tone over when the central bank should interest rates, describing the situation as ‘febrile’ … Read more Pound Struggles but Hits 21-Month High Versus Euro
The Pound rallied sharply this week, as some positive UK data releases bolstered expectations the Bank of England (BoE) might hike interest rates in December.
Pound News: GBP Climbs as UK Inflation Soars The Pound climbed sharply on Wednesday after October’s headline inflation rate jumped to a 10-year high. Inflation rose higher-than-expected to 4.2% last month, above forecasts of 3.9% and up from 3.1% in September. Combined with upbeat UK employment data from Tuesday, investors appear to be increasing bets … Read more Pound Climbs as UK Inflation Fuels BoE Rate Hike Bets
Pound (GBP) Subdued as Northern Ireland Protocol Dispute Rumbles On The Pound (GBP) dipped against its rivals this morning but stabilised this afternoon, as a slowdown in the country’s economic growth and Brexit disputes act as headwinds for Sterling. Ongoing negotiations over the Northern Ireland protocol influenced movement in the Pound today, as reports indicated the UK was willing to … Read more Pound undermined By Brexit Concerns
The US Dollar rallied this week, strengthening on the back of the latest US consumer price index, after it reported domestic inflation rocketed to a 30-year high in October.
Pound News: Sterling Slips as Brexit Tensions Escalate The Pound weakened during Wednesday’s session, falling sharply against the US Dollar, while remaining in a narrow range versus the Euro. Brexit tensions over reports the UK will invoke Article 16 of the Northern Ireland protocol to suspend parts of the agreement, potentially leading to trade disputes … Read more US Dollar Surges as US Inflation Soars
Pound News: Sterling Recovers some BoE-Driven Losses The Pound strengthened through today’s session, recovering some of last week’s losses following the Bank of England decision to leave interest rates unchanged at 0.1%. After the aggressive selloff, Sterling made gains against rivals’ weakness amid an upbeat market mood as investors adjusted their positions on GBP. Looking … Read more Pound Recovers Ground, USD Dips amid Risk-on Trade