Pound (GBP) Slumps Following Poor PMI Figures The Pound (GBP) slumped against the majority of its competitors today on the back of poor PMI figures and ongoing political uncertainty surrounding UK Prime Minister Boris Johnson. Business activity in the UK fell to an 11-month low in January, whilst activity in the country’s services sector fell … Read more Pound Falls as PMIs Disappoint, US Dollar Soars in Jittery Trade
The pound traded in a wide range this week as some mixed UK economic data infused volatility into the currency. At the same time, the US Dollar drew support this week from a sharp uptick in US Treasury yields in addition to market jitters. Pound Fluctuates on Mixed Data Releases GBP/EUR – Unchanged on the … Read more Pound Rocked by Mixed Data, US Dollar Bolstered by Surging US Treasury Yields
Pound (GBP) Climbs as UK Set to Ease Plan B Restrictions The Pound (GBP) has risen against its rivals today as the UK’s rate of inflation hit a 30-year high in December. The sharp increase is thought to have been largely driven by the higher cost of clothes, food, furniture, and eating out. The figures … Read more Pound Boosted as UK Eases Covid-19 Restrictions, USD Tumbles as Investors Await Fed Meeting
The US Dollar was met by broad selling pressure, despite US inflation rocketing to a 40-year high.
Pound (GBP) Dips amid Allegations of Illegal Government Gatherings and Soaring Energy Prices The Pound (GBP) ticked lower against the majority of its competitors today amid falling confidence in UK Prime Minister Johnson and soaring energy prices. Despite this, Sterling has hit a new two-month high against the US Dollar (USD) following Wednesday’s inflation data. … Read more Pound Dips as PM Faces Calls to Quit, USD Plummets as Inflation Skyrockets
Pound (GBP) Hits Highest Point Against Euro Since Feb 2020 The Pound fell against its rivals this morning, but has since climbed to its highest point against the Euro since February 2020 by a risk-off trading mood. Further news that the UK government is to ease the country’s Covid-19 restrictions may have also provided a … Read more Pound (GBP) Hits 22-Month High Against Euro (EUR), US Dollar (USD) Soars Amid Expectations of Fed Rate Rise
The Pound continued to trend higher this week as GBP investors welcomed the confirmation that the UK government has no immediate plans to introduce new Covid restrictions. At the same time, the US Dollar also strengthened this week, as the currency was underpinned by speculation the Federal Reserve will hike interest rates earlier than previously … Read more Pound Jumps amid Omicron Optimism, US Dollar Strengthened by Rising Fed Hike Odds
Pound (GBP) Range-Bound as PM Johnson Announces No Further Restrictions The Pound has remained subdued today, largely trading with a limited range against its rivals. Sterling saw a spike this morning after Prime Minister Boris Johnson announced no further restrictions at a Tuesday evening press conference. Whilst the lack of additional measures may have given … Read more Pound (GBP) Remains Muted Despite No Additional restrictions, US Dollar (USD) Tumbles Ahead of Fed Meeting Minutes
The Pound was catapulted higher this week after the UK government signalled that it could avoid imposing any additional Covid restrictions. At the same time, the US Dollar came under some notable selling pressure as a broadly positive market mood sapped the appeal of the safe-haven currency. Pound Soars as UK Government Defers Restrictions GBP/EUR … Read more Pound Jumps amid Omicron Optimism, US Dollar Stumbles as Risk-On Mood Prevails
Pound (GBP) Boosted as UK Announces No Restrictions Before Christmas The Pound (GBP) has risen against many of its rivals today following news that the country will not be introducing any further COVID-19 restrictions prior to Christmas. Uncertainty over a potential pre-Christmas lockdown had weighed heavy on the Pound (GBP) earlier in the week. The … Read more Pound Sees Boost as UK Saves Restrictions Until After Christmas, US Dollar Stumbles as Growth Slows