Sterling / EUR

Pound News: Concerns Over Easing of Lockdown Restrictions Haunt UK Markets  The Pound (GBP) struggled today despite England lifting lockdown restrictions amid surging daily Covid-19 infections. Prime Minister Boris Johnson also urged caution as a sudden flare-up in hospitalisations or deaths from the virus could see the country re-enter lockdown.  Jim Reid, an analyst at Deutsche Bank, said:  … Read more Pound (GBP) Falls as England Lifts Lockdown Restrictions

Pound News: GBP Slips amidst Brexit Tensions The Pound (GBP) shed some of this week’s gains following a flare-up of tensions between the European Union (EU) and the UK over the Northern Ireland protocol.   Maros Sefcovic, the European Commissioner, said that the EU could ‘step up’ legal challenges against the UK if it violates the terms on the … Read more Pound (GBP) Suffers Amidst Renewed Brexit Uncertainty

Pound News: GBP Edges Higher, UK is Expected to Ease Lockdown Restrictions in July  The Pound (GBP) rose against some of the major currencies today ahead of Prime Minister Boris Johnson’s expected announcement of support for the unlocking of England’s lockdown restrictions from July 19.  As a result, Sterling has risen on renewed optimism in the … Read more GBP Rises as UK PM Boris Johnson to Confirm Easing of Lockdown Restrictions on 19 July

Pound News: Sterling Strengthens Despite UK GDP Growth Rate Contraction  The Pound has strengthened against many of its major rivals today despite the confirmation from the Office for National Statistics (ONS) that the UK’s economy contracted 1.6% during the first quarter of 2021.  Martin Beck, senior economic advisor to the EY ITEM Club commented on the latest … Read more Pound strengthens despite UK economic contraction as a sour market mood limits the Australian Dollar

A rebound in the Pound was cut short this week, after GBP investors were left disappointed after the Bank of England (BoE) struck a more dovish-than-expected tone following its latest policy meeting.  At the same time, the US Dollar spent most of this week on the back foot, as a prevailing risk-on mood undermined demand … Read more Weekly Update: Pound Rally Cut Short by Dovish BoE, US Dollar Weakens in Risk-On Trade

The Pound recovered from losses at the start of the week to climb higher after the UK’s services PMI revealed the sector grew at its fastest rate in 24 years. Meanwhile, the US Dollar benefitted from several upbeat US data releases before plunging as May’s payrolls report fell below expectations. Pound Buoyed by Impressive Service … Read more Weekly Update: USD Dented by US Payrolls, Pound Rallies

Pound News: Sterling Supported by UK PMIs The Pound has strengthened today following the release of the latest PMI data from the UK for May. The services sector saw the fastest rate of output growth for 24 years as the economy continues to recover from the worst of the coronavirus pandemic. Heading into the weekend, … Read more Pound Strengthens on UK Data, USD Recovery Dents Euro

Pound News: Could Covid-19 Fears Delay UK Lifting of Lockdown? The Pound is shedding ground today despite being at a three-year high against the weaker US Dollar on Monday. In UK economic data news, today saw the release of the latest manufacturing PMI for May, which fell below consensus from 66.1 to 65.6 but still … Read more Euro Rises as Eurozone Factory Activity Soars, Pound Slips

The Pound rallied from its worst level since mid-May this week in response to hawkish comments from a Bank of England (BoE) policymaker. At the same time, the US Dollar spent most of the week on the defensive as a prevailing risk-on mood sapped demand for the safe-haven currency. Pound Rallies on Hawkish BoE Comments … Read more Weekly Update: Pound Rallies on BoE Remarks, USD Stumbles in Upbeat Trade