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

pound receeding

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

Coronavirus Developments Keep Higher Risk Currencies Under Pressure

pound receeding

Pound News: Sterling Slips despite Vaccine News The Pound remains on the back foot despite vaccination efforts being ramped up. Higher-risk currencies are under pressure as investors turn to safe-haven currencies like the US Dollar. If it appears that the lockdown measures deployed in the UK will be tightened or extended the Pound could suffer. … Read more Coronavirus Developments Keep Higher Risk Currencies Under Pressure

New Coronavirus Strain and Infection Surges Send Markets into Fresh Panic

Pound Sterling

Pound News: Brexit and Coronavirus Crises Deepen The Pound plunged across the board today. A lack of a Brexit deal with less than 10 days until the end of the transition period was only part of this. Reports of a new, faster-spreading coronavirus strain in England has led to stricter lockdowns and fears of months … Read more New Coronavirus Strain and Infection Surges Send Markets into Fresh Panic

Weekly Update: US Election Drama Rocks Markets, Pound Bolstered by BoE

Pound Sterling

The currency market was infused with considerable volatility this week as US election drama dominated sentiment. Elsewhere, the Bank of England’s injection of an additional £150bn into the UK economy helped prop up the Pound after concerns grew over delays to a potential UK-US trade deal. Pound Fluctuates on UK-US Trade Fears GBP/EUR – Unchanged … Read more Weekly Update: US Election Drama Rocks Markets, Pound Bolstered by BoE