the pound fluctuated as a result of some high impact UK data releases and the delaying of the final lifting of the UK’s coronavirus restrictions
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French Mortgages. The pound firmed last week in response to overwhelmingly positive UK data, but found these gains limited by domestic coronavirus concerns.
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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.
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With renewed uncertainty over the chances of a UK-EU post-Brexit trade agreement, the appeal of the pound diminished this week.
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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.
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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.
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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.
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