Pound News: UK Recovery Outlook from BoE’s Bailey Boosts Sterling Following slightly more mixed movement from the Pound last week, the British currency found some support in Bank of England (BoE) comments this morning, although Sterling slipped again later in the day. BoE Governor Andrew Bailey said his optimism around recovery continued to rise, with … Read more Pound Makes Fleeting Gains Following BoE Comments

The US Dollar’s dominance took a knock this week as a surprise drop in core US inflation weakened US Treasury yields. At the same time, the Euro gave ground after the European Central Bank (ECB) signalled its readiness to accelerate the pace of its bond purchases. Pound Firms on Continued Vaccine Optimism GBP/EUR – Unchanged … Read more Weekly Update: US Dollar Faces Setback on Drop in Core Inflation, Euro Dented as ECB to Accelerate Bond Purchases

Pound News: Sterling Remains Broadly Appealing on Vaccination Success Britain’s relative success in rolling out vaccinations for the coronavirus continues to keep the Pound a broadly appealing currency. Economists are also showing more optimism in the UK’s recovery outlook, which is only boosting demand for Sterling. No notable UK data is due for publication tomorrow. … Read more Sterling Defies Bears to Keep Rallying on Vaccination Hopes

Pound News: Lockdown Easing Optimism Keeps Sterling Buoyed Investors have been buying the Pound since markets opened this week, amid optimism over the UK’s plans to gradually ease its third coronavirus lockdown, with UK schools reopening today. Still, the Pound’s movement has been more volatile since last week. While optimism about recovery is high, analysts … Read more US Dollar Rallies on Rising US Treasury Yields

The US Dollar was the strongest performer this week, with the currency roaring higher on the back of surging US bond yields. At the same time, the Euro found itself on the defensive through much of this week’s session in response to some disappointing Eurozone data releases. Pound Steady Following Budget Response GBP/EUR – Unchanged … Read more Weekly Update: US Dollar Rallies as US Treasury Yields Surge, Euro Stumbles on Disappointing Data

Pound News: GBP Rises Ahead of Chancellor Sunak’s 2021 Budget Announcement The Pound rose today ahead of today’s UK 2021 Budget announcement from Chancellor Rishi Sunak at 12:30pm. Already news that the furlough scheme is set to be extended until September has helped boost the UK market mood. However, David Madden an analyst at CMC … Read more Pound Rises Ahead of 2021 Budget Announcement

Pound News: GBP Mixed as Manufacturing PMI Betters Forecast The Pound rose against the Euro today but struggled against many of its peers as concerns rose over new signs of the Brazilian variant of Covid-19 circulating through the UK. Today also saw the release of the UK Markit Manufacturing PMI for February, which beat forecasts … Read more Pound Mixed as Fears Rise Over Brazil Variant of Covid-19

The Pound got off to a strong start this week, amidst optimism over the reopening of the UK economy, before falling victim to some profit taking as the month came to an end. At the same time, after struggling through most of the week, the US Dollar rebounded when US stimulus delays soured market sentiment. … Read more Weekly Update: Pound Surges to Multi-Month Highs on Reopening Optimism, US Stimulus Setback Revives the US Dollar

Pound News: Sterling Gives Up Early Gains While the UK government’s plans to gradually ease coronavirus pandemic restrictions showed more caution than markets hoped, they still pushed the Pound higher early in the European session. GBP exchange rates later gave up their early gains as its bullish run faded, with some analysts suggesting the Pound … Read more Sterling Retreats from Highs as Bullishness Fades

Pound News: Sterling Firms as UK Restriction Easing Outlined The Pound held its ground today as the UK government outlined plans to ease coronavirus restrictions over the coming months. GBP exchange rates continue to hold highs against the Euro and US Dollar as optimism over the UK recovery builds. Tomorrow will see the publication of … Read more Risk-Sensitive Currencies Boosted by Market Optimism, Pound Firm