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Pound increases by 2021 Budget

Pound increases by 2021 Budget 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"

Pound weakness and UK growth contraction

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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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Pound retreats on renewed Brexit doubts

Pound retreats on renewed Brexit doubts

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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Pound capped by Brexit uncertainty as vaccine optimism grows

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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

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Pound hits two-month high amid vaccine optimism

Pound hits two-month high amid vaccine optimism

The pound strengthened as coronavirus vaccine hopes, Brexit optimism and fading chances of negative interest rates boosted Sterling.

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Pound rocked by Brexit woes

Pound rocked by Brexit woes 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"

Pound could stumble after growth data

Pound under pressure

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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euro continues to 20 month high

euro continues to 20 month high

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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Pound rallies on new stimulus package

stimulus package 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"

Pound rallies from three-month low

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"
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