GBP Rises as UK PM Boris Johnson to Confirm Easing of Lockdown Restrictions on 19 July

Pound Sterling

Pound News: GBP Edges Higher, UK is Expected to Ease Lockdown Restrictions in July  The Pound (GBP) rose against some of the major currencies today ahead of Prime Minister Boris Johnson’s expected announcement of support for the unlocking of England’s lockdown restrictions from July 19.  As a result, Sterling has risen on renewed optimism in the … Read more GBP Rises as UK PM Boris Johnson to Confirm Easing of Lockdown Restrictions on 19 July

US Dollar Strengthens amidst Global Coronavirus Rise, Pound Fluctuates amid Mixed Messages from the BoE

US Dollar

A worrying rise in global coronavirus cases, stoked demand for the safe-haven US Dollar this week, resulting in it being the top performer through the session.  At the same time, the Pound fluctuated this week, mostly as a result of some conflicting messages from the Bank of England (BoE).  Pound Rocked by Conflicting BoE Comments  … Read more US Dollar Strengthens amidst Global Coronavirus Rise, Pound Fluctuates amid Mixed Messages from the BoE

Pound strengthens despite UK economic contraction as a sour market mood limits the Australian Dollar

gbp 10

Pound News: Sterling Strengthens Despite UK GDP Growth Rate Contraction  The Pound has strengthened against many of its major rivals today despite the confirmation from the Office for National Statistics (ONS) that the UK’s economy contracted 1.6% during the first quarter of 2021.  Martin Beck, senior economic advisor to the EY ITEM Club commented on the latest … Read more Pound strengthens despite UK economic contraction as a sour market mood limits the Australian Dollar

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