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"
The pound trended lower against the majority of its peers again last week as a combination of Brexit uncertainty and concerns over a second wave of coronavirus infections weighed on Sterling sentiment. At the same time, the US dollar bounced back from some initial losses as coronavirus jitters and the threat of transatlantic trade tensions [...] Read more about: "Pound sinks on Brexit uncertainty and second wave fears"
pound nosedives after some heavy selling pressure through last week, with demand for the UK currency collapsing after Bank of England’s latest stimulus
Read more about: "Pound nosedives following BoE stimulus announcement"
Improvement in the UK’s May PMIs was not enough to offer the pound any significant boost – speculation over the Bank of England’s policy outlook.
Read more about: "Bank of England keeps negative interest rates on the table"
Confirmation that the UK economy experienced a significant contraction in the first quarter left the pound on a weaker footing last week. While a downward revision to the fourth quarter German gross domestic product pushed the Eurozone’s powerhouse economy into a state of recession, this failed to weigh on the euro. Meanwhile support for the [...] Read more about: "UK economy contraction"
Support for the pound weakened in response to the uk manufacturing trends, pointing towards a sharp loss of economic momentum.
Read more about: "Pound under pressure from lower manufacturing trends"
A smaller than expected decline from the British Retail Consortium for retail sales figure was not enough to keep the pound from edging lower
Read more about: "The Pound fluctuates with news of retail sales figure"
Euro recovers ground as Eurozone finance ministers reach support agreement. News that an agreement had finally been reached helped EUR bounce back
Read more about: "Pound bounces to one-month highs"
The rising number of coronavirus infections and deaths in the UK, coupled with a concerning slump in service sector output, put the pound under pressure towards the end of last week. Political squabbles within the Eurozone put a dampener on the euro, meanwhile, as Germany dug in its heels over a proposed shared debt scheme [...] Read more about: "Pound falls from 3-week high vs euro"
The BoE to deliver its second emergency policy move in as many weeks, cutting interest rates to a fresh record low of 0.1%.
Read more about: "Pound recovers from 35-year low vs US dollar"
