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

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

Weekly Update: Pound Rally Cut Short by Dovish BoE, US Dollar Weakens in Risk-On Trade

Pound Sterling

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

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

Weekly Update: USD Dented by US Payrolls, Pound Rallies

US Dollar

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

Euro Rises as Eurozone Factory Activity Soars, Pound Slips

Pound Sterling

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

Weekly Update: Pound Rallies on BoE Remarks, USD Stumbles in Upbeat Trade

pound receeding

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