The Pound tumbled this week, relinquishing most of the gains it made through the first part of July as UK economic data failed to impress investors. The Euro, meanwhile, enjoyed considerable support this week in the run up to a key EU summit to discuss the EU’s coronavirus recovery fund.   Pound Sterling Slumps on…(read more)

Pound News: UK Inflation Fails to Improve Sterling Outlook The Pound climbed against the US Dollar and Euro today after the publication of Britain’s June inflation rate results. While inflation beat forecasts, they were not enough to notably improve the Pound outlook as concerns about lasting weakness in price pressures limit Sterling strength. Tomorrow will…(read more)

Pound News: Sterling Tumbles as it Falls Back from Last Week’s Highs The Pound strengthened against many major rivals last week on the back of UK fiscal stimulus news. However, as the fiscal stimulus was largely unsurprising it was not enough to lead to lasting Pound strength, so Sterling is slipping from highs today. Much…(read more)

The Pound climbed to a three-week high this week, with investors turning bullish towards Sterling in light of the UK’s new stimulus package. The Euro, meanwhile, struggled to find support this week after the European Commission slashed its 2020 growth forecast for the Eurozone.   Pound Sterling Rallies to Three-Week High GBP/EUR – Unchanged on…(read more)

Pound News: Rishi Sunak’s Summer Statement has Limited Impact The Pound struggled to hold its best levels today, despite announcements of new fiscal stimulus from UK Chancellor Rishi Sunak. The new announcements lacked any notable surprises and failed to boost the Pound as gains have already been made on stimulus hopes. With UK stimulus news…(read more)

Pound News: Sterling Struggles to Hold as Markets Await More Support Sterling was able to hold last week’s gains today against some weaker rivals like the US Dollar, but it has slipped against others. With more of Britain’s economy reopening, coronavirus uncertainties are gripping markets. UK-EU Brexit negotiations are set to continue this week. Pound…(read more)

The Pound bounced back from multi-month lows this week as some initial losses driven by Brexit uncertainty were countered by improving market sentiment and an end of quarter correction in currency markets. Meanwhile, this upbeat market mood undermined demand for the safe-haven US Dollar, reversing its initial gains amidst concerns over a startling rise in…(read more)

Pound News: Sterling Ends Quarter Recovering but Outlook Gloomy Sterling has been recovering slightly since yesterday as investors buy it back from its cheapest levels. However, Sterling found no notable support in UK manufacturing data, which met expectations. In fact, the Pound’s outlook remains filled with uncertainties, with Brexit and coronavirus weighing on Pound exchange…(read more)

Pound News: UK Funding Fears Keep Sterling under Pressure The Pound continued to weaken today, with lingering coronavirus and Brexit fears weighing on the Sterling. Added to these fears, today’s speculation that the UK government is preparing to ramp up infrastructure plans for Britain were not enough to support demand for the Pound as concerns…(read more)

The Pound struggled to find support this week as any optimism over the UK government’s plans to reopen more of the economy was undermined by a warning over a second wave of coronavirus infections. The US Dollar, meanwhile, recouped some initial losses as markets were spooked by both a possible coronavirus resurgence as well as…(read more)