The pound struck higher last week, being bolstered by economic optimism following the publication of the UK’s 2021 Budget. At the same time, the US dollar roared higher last week, rising in tandem with surging US Treasury yields. Sterling, meanwhile, has edged higher so far this week, with GBP/EUR ticking up to €1.16 and GBP/USD [...] Read more about: "Pound increases by 2021 Budget"
The US dollar pushed higher in the midst of optimism over the incoming Biden administration as market risk appetite generally diminished.
Read more about: "Pound weakness and UK growth contraction"
With renewed uncertainty over the chances of a UK-EU post-Brexit trade agreement, the appeal of the pound diminished this week.
Read more about: "Pound retreats on renewed Brexit doubts"
Weaker-than-expected monthly UK GDP reading left the pound on a weaker footing against its rivals. ECB looks set to enact fresh monetary loosening measures
Read more about: "Pound capped by Brexit uncertainty as vaccine optimism grows"
The pound strengthened as coronavirus vaccine hopes, Brexit optimism and fading chances of negative interest rates boosted Sterling.
Read more about: "Pound hits two-month high amid vaccine optimism"
US dollar rebounds from two-week low amid growth concerns The pound fluctuated through last week’s session, experiencing volatility in response to the latest Brexit developments and some mixed data. At the same time, after initially tumbling to a fresh two-year low, the US dollar mounted a convincing recovery as jitters over global growth buoyed the [...] Read more about: "Pound rocked by Brexit woes"
Sterling was pressured lower after Chancellor Rishi Sunak signalled that there wouldn’t be an extension to the government’s furlough scheme.
Read more about: "Pound could stumble after growth data"
Meanwhile, the euro surged on optimism of the EU’s recovery fund and benefited from weakness in the US dollar to hit a 20-month high.
Read more about: "euro continues to 20 month high"
The pound extended its recovery into a second week last week, with the announcement of a new stimulus package aimed at protecting jobs helping to buoy Sterling sentiment. At the same time, the euro faced a setback last week, as the European Commission slashed its growth forecast for the Eurozone and warned there are 'exceptionally [...] Read more about: "Pound rallies on new stimulus package"
The pound struck higher through last week's session, rallying from a three-month low against the euro in response to an improving market mood and a correction in currency markets at the end of the second quarter. At the same time, the US dollar was placed on the back foot last week as hopes for the [...] Read more about: "Pound rallies from three-month low"
