Pound Sees Boost as UK Saves Restrictions Until After Christmas, US Dollar Stumbles as Growth Slows

Pound

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

Pound Plummets as Fresh Restrictions Rumoured for UK, Euro Boosted as Investors Buy Dip

Pound

Pound (GBP) Falls as UK Rumoured to be Introducing Fresh Restrictions  The Pound (GBP) has fallen against its competitors today as surging cases of the Omicron variant and rumours of further restrictions placed pressure on the currency.   Sterling has also suffered due to Brexit uncertainty today as UK foreign secretary Liz Truss replaced chief … Read more Pound Plummets as Fresh Restrictions Rumoured for UK, Euro Boosted as Investors Buy Dip

Pound Rallies on Shock BoE Rate Hike, US Dollar Falls Victim to Some Profit Taking

Pound Sterling

The Pound struck higher this week as the Bank of England shocked markets by hiking interest rates for the first time in three years.  At the same time, the US Dollar weakened after the Federal Reserve’s hawkish policy outlook triggered some profit taking by USD investors.  Pound Spikes as BoE Surprises with Rate Hike  GBP/EUR … Read more Pound Rallies on Shock BoE Rate Hike, US Dollar Falls Victim to Some Profit Taking

Pound Struggles as UK Inflation Rises to Ten Year High, Euro and US Dollar Subdued Ahead of Central Bank Meetings

Pound

Pound (GBP) Drops as Inflation Continues to Grow  The Pound leaped to a one-week high this morning after inflation figures exceeded expectations. The currency has since pared back some of its gains and dipped this afternoon as reports indicated UK inflation is due to hit 6% next April.  UK inflation rose to a ten-year high … Read more Pound Struggles as UK Inflation Rises to Ten Year High, Euro and US Dollar Subdued Ahead of Central Bank Meetings

US Dollar Firms in Anticipation of Fed Tightening

US Dollar

Pound News: Sterling Steady despite Omicron Fears The Pound edged higher at the start of the week amid weakness in many of its peers, except the US Dollar, as optimism over the UK’s ambitious booster vaccine programme of 1 million people a day provided GBP modest support. However, Sterling’s gains were limited by Omicron variant … Read more US Dollar Firms in Anticipation of Fed Tightening

Pound (GBP) Slides as UK to Introduce Stricter Covid-19 Measures, US Dollar (USD) Tumbles Amid Risk-On Market Mood

Pound Sterling

Pound (GBP) Falls as UK to Introduce Fresh Restrictions  The Pound (GBP) has dipped today, amidst reports that the UK government is set to introduce tougher COVID-19 restrictions later this week.   The emergence of the Omicron variant is thought to be the main driver behind the additional restrictions as COVID-19 cases in the UK continue … Read more Pound (GBP) Slides as UK to Introduce Stricter Covid-19 Measures, US Dollar (USD) Tumbles Amid Risk-On Market Mood

Weekly Update: Pound Softens as BoE Rate Hike Looks Less Likely, US Dollar Edges Higher as Fed Signals Faster Tapering

Pound Sterling

The Pound fell this week as the emergence of the new Omicron Covid variant dashed hopes of a December rate hike from the Bank of England (BoE). Meanwhile, the US Dollar rode out some volatile trade to post gains overall as multiple Federal Reserve officials suggested a faster tapering cycle was still appropriate, despite the … Read more Weekly Update: Pound Softens as BoE Rate Hike Looks Less Likely, US Dollar Edges Higher as Fed Signals Faster Tapering

Pound Struggles amid Fresh Covid Restrictions, Euro Dented

Pound Sterling

Pound (GBP) Subdued amid Brexit and Covid Headwinds The Pound (GBP) has traded within a narrow range today as the currency faces headwinds from fresh Covid-19 restrictions and Brexit. The UK announced yesterday that it would be re-implementing the compulsory wearing of face masks in some public settings. Investors will be watching these moves closely … Read more Pound Struggles amid Fresh Covid Restrictions, Euro Dented

Pound Undermined by Brexit Concerns, US Dollar Fluctuates on Fed Rate Hike Speculation

Pound

The Pound struggled to attract support this week as it was repeatedly undermined by Brexit developments which saw investors shrug off some positive UK data releases.  At the same time, the US Dollar was bolstered by Federal Reserve rate speculation, before falling in tandem with US Treasury yields.  Pound Rocked by Brexit Concerns  GBP/EUR – Down one cent on … Read more Pound Undermined by Brexit Concerns, US Dollar Fluctuates on Fed Rate Hike Speculation