Pound News: Sterling Steadies Following Last Week’s Selloff The Pound saw significant losses across the board last week, as investors sold the British currency from its best levels in profit taking. However, Sterling’s selloff slowed as the currency’s outlook is still strong overall. This week, more parts of the UK economy including bars and non-essential … Read more Sterling Buoyed by UK Economy Gradually Reopening
The Pound found itself on the back foot due to a bout of profit taking, even though the UK government confirmed lockdown easing would go ahead as planned on 12 April. On the other hand, the Euro made gains against many of the majors in spite of the Eurozone unemployment rate showing a surprise upward … Read more Pound Slides in Spite of UK Reopening Go-Ahead, EUR Shakes Off Higher Eurozone Unemployment Rate
Pound News: Investors Continue to Pull Away from Sterling as GBP Seen as Overvalued The Pound continued to shed ground against major rivals including the Euro and US Dollar today. Amid speculation that other nations were accelerating coronavirus vaccine rollout, the UK’s position as a leading nation in the vaccine rollout is no longer the … Read more Pound Slide Continues While Risk Appetite Increases
Pound News: Sterling Falls from Highs after Weeks of Gains Today, the Pound’s persistent rallying once again saw a fresh bout of volatility. Investors opted to sell the Pound from its best levels in profit taking against some major rivals, despite lasting optimism around Britain’s economic reopening expectations. Sterling is likely to remain fairly appealing … Read more Markets Steady after Week of Volatile Trade as Recovery Hopes Continue to Rise
Pound News: Forecast-Beating UK Growth Offers Sterling Support The Pound received support this morning following the UK fourth quarter 2020 GDP figures coming in better than projected at 1.3%, instead of 1% forecast, confirming the UK avoided a double-dip recession at the end of the year. However, the figures also indicated a revised contraction of … Read more Pound Steady Following Upwardly Revised UK GDP Data
Pound News: UK’s Reopening Continues – Sterling Sees Fresh Surge The Pound continued to be one of the market’s most appealing major currencies when markets opened this morning. It comes as groups are allowed to socialise outside again, as England’s lockdown continues its gradual easing. Speculation that the UK could be one of the first … Read more Sterling Advances as UK Economy Continues Reopening
Pound News: Unexpected Slowdown in UK Inflation Limits GBP Strength The Pound’s movement has been more bearish so far this week, amid concerns that UK-EU tensions could interfere with economic recovery from the coronavirus pandemic. Today’s UK inflation rate data showed price pressures unexpectedly weakened in February, which weighed on the Pound as it doused … Read more USD Strengthens as ‘Third Wave’ Coronavirus Fears Fuel Risk-Off Trade
Pound News: Sterling Losses Limited but Markets Pull Back on Bullish Longs The Pound slipped today but avoided major losses as UK coronavirus recovery hopes persisted and supported the British currency’s outlook. Tomorrow will see the publication of the UK’s January job market report and could influence the Pound’s movement if it surprises investors, although … Read more Markets Calm Following Turkish Central Bank Shock
The US Dollar faced a major setback this week, plunging in mid-week trade after the Federal Reserve struck a more dovish-than-expected tone following its latest policy meeting. At the same time, the Euro gave ground this week as the temporary suspension of the AstraZeneca vaccine as well as rising coronavirus cases in many parts of … Read more Weekly Update: US Dollar Hit by Shock Selloff Following Dovish Fed, Euro Stumbles on Renewed Coronavirus Concern
Pound News: Sterling Jumps Ahead of Central Bank News but Gains Limited The Pound saw a sharp slump yesterday over concerns that several European countries have suspended the use of the AstraZeneca vaccine that the UK has widely used in its vaccination programme so far. But Sterling quickly recovered later in the day after the … Read more Markets Steady as Federal Reserve and Bank of England Decisions Awaited