US Dollar Firms as Risk-Off Mood Prevails, Euro Stumbles on Dovish ECB Comments

US Dollar

The US Dollar maintained an upward trajectory this week, as skittish investors continued to favour the safe-haven currency.  At the same time, the Euro struggled to attract support this week in the wake of some dovish comments by European Central Bank (ECB) President Christine Lagarde.  Pound Fluctuates amidst Mixed Data Release  GBP/EUR – Unchanged on the week’s … Read more US Dollar Firms as Risk-Off Mood Prevails, Euro Stumbles on Dovish ECB Comments

Pound Jumps as UK Inflation Beats Expectations

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Pound News: GBP as UK Inflation Smashes Forecasts  The Pound (GBP) rose today as the release of the UK’s consumer price index reported that domestic inflation rate soared to 2.5% in June.  The sharper-than-expected jump in inflation was seen as placing more pressure on the Bank of England (BoE) to start considering the tapering of its … Read more Pound Jumps as UK Inflation Beats Expectations

Pound Steady as Downing Street Confirms Easing of Lockdown Measures on July 19

pound receeding

Pound News: GBP Steady Despite Soaring Business Confidence  The Pound (GBP) was mostly muted against its peers today despite UK business confidence jumping ahead of the 19 July lifting of lockdown measures.  A survey from BDO, a business advisory firm, revealed that business optimism has leapt to its highest level since 2005, with hiring intentions soaring to a … Read more Pound Steady as Downing Street Confirms Easing of Lockdown Measures on July 19

Euro Rallies as ECB Announces New Inflation Target, US Dollar Underpinned by Souring Market Mood

US Dollar

After struggling through much of the session, the Euro was granted a reprieve on Thursday, as the European Central Bank’s (ECB) altered its inflation mandate, raising the ceiling but remaining more hawkish than the Federal Reserve.  At the same time, rising coronavirus concerns and a selloff in equity markets prompted investors to favour the safe-haven US Dollar.  … Read more Euro Rallies as ECB Announces New Inflation Target, US Dollar Underpinned by Souring Market Mood

Pound (GBP) Rises as UK PM Says UK is ‘Set Fair’ for Lifting Remaining Covid-19 Restrictions on 19 July

Pound Sterling

Pound News: Sterling Rises as UK ‘Set’ for Easing Lockdown Restrictions in July The Pound (GBP) rose today after Prime Minister Boris Johnson said that the UK is now ‘set fair’ for the lifting of the remaining Covid-19 restrictions on 19 July. Boris Johnson commented: ‘You will be hearing a statement from [health secretary] Sajid … Read more Pound (GBP) Rises as UK PM Says UK is ‘Set Fair’ for Lifting Remaining Covid-19 Restrictions on 19 July

US Dollar Retreats From Best Levels amid a Bout of Profit Taking

US Dollar

Pound News: GBP Rises as PM Says it’s ‘Looking Good’ for Lifting Lockdown in July  The Pound (GBP) performed strongly against its peers today after Prime Minister Boris Johnson said that it was ‘looking good’ for the final lifting of lockdown restrictions on 19 July.  As a result, this has uplifted confidence in the UK economy, which is steadily recovering … Read more US Dollar Retreats From Best Levels amid a Bout of Profit Taking

Pound weakens on UK PMI’s as strengthening USD limits risk-correlated currencies

Pound Sterling

Pound News: Sterling Weakens on Disappointing UK Retail Sales The Pound has weakened today following the release of the latest retail sales figures from the UK for May. Retail sales fell -1.4%, missing market expectations of a 1.6% rise as consumers pushed supermarkets aside for restaurants. Heading into the weekend, Pound investors will be keeping … Read more Pound weakens on UK PMI’s as strengthening USD limits risk-correlated currencies

Brexit Talks Extended Once Again, Pound Rebounds

pound receeding

Pound News: Extended Brexit Talks Boost Sterling The Pound has bounced back from lows this morning, clawing back some of last week’s losses. Sterling bounced as investors reacted to news that UK-EU Brexit negotiations would be extended beyond last week’s self-imposed deadline. Britain’s November job market report will be published tomorrow. While this is a … Read more Brexit Talks Extended Once Again, Pound Rebounds

Chaotic US Election Debate and Brexit News Drive GBP/USD Exchange Rate

US Dollar

Pound News: Sterling Focuses on Brexit with UK Growth Unsurprising Today’s UK growth report was a little better than projected, but still showed huge, unsurprising contractions in Q2. This did little to boost Pound appeal, leaving Sterling sensitive as investors await Brexit developments. The final round of UK-EU Brexit negotiations will end on Friday. If … Read more Chaotic US Election Debate and Brexit News Drive GBP/USD Exchange Rate

Second UK Lockdown Fears Hit Markets as UK Officials Sound Coronavirus Alarm

Pound Sterling

Pound News: Threat of New Restrictions Pushes Pound Lower In statements made today, UK medical officials signalled strongly that action must be taken to prevent Britain’s coronavirus situation from escalating significantly. This led to fears that the UK could see fresh nationwide lockdown measures, resulting big Pound losses today. Markets are now highly anticipating the … Read more Second UK Lockdown Fears Hit Markets as UK Officials Sound Coronavirus Alarm