Sterling Suffers as Powell Pours Cold Water on Market Rebound

Sterling Loses Ground The pound has taken a substantial knock over the last 24 hours as fears over the global economic outlook have weighed heavily on the UK currency. Sterling has fallen over 1% against both the euro and the US dollar after the chair of the US Federal [...]

By |2020-06-11T17:45:56+01:00June 11th, 2020|Currency|0 Comments

Emergency Interest rate cut and the budget

Bank of England Emergency Rate Cut This morning the Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak. The MPC (Monetary Policy Committee) has cut the base interest rate from 0.75% to 0.25%, taking borrowing [...]

By |2020-03-11T09:12:18+00:00March 11th, 2020|Currency|0 Comments

Single currency gaining on Market meltdown whilst GBD and USD gets hit

The Single has gained against the majors today despite the Eurozone being one of the most exposed global economies to the coronavirus. The Euro is known as a funding currency, due to its 0% interest rate. Investors borrow in Euros to funds investments in high-yielding assets such as stocks. When [...]

By |2020-03-09T12:17:17+00:00March 9th, 2020|Currency|0 Comments

Sterling Rises After UK GDP Data

Pound Strengthens After UK Ecostat Release The pound rose against both the US dollar and the euro on Tuesday after slightly better than expected GDP data from the UK was published on Tuesday morning. Although quarterly GDP numbers showed the UK economy stagnated in the last quarter of 2019, [...]

By |2020-02-11T16:23:17+00:00February 11th, 2020|Currency|0 Comments

Volatile Start to February for Sterling

Choppy Trade for GBP It's been an interesting start to the month for the pound, with average daily movements of around 1% on both Monday and Tuesday. The UK currency started the week on the back foot after fears of a hard Brexit resurfaced, following the UK's formal departure [...]

By |2020-02-04T16:33:24+00:00February 4th, 2020|Currency|0 Comments

Sterling Rises After Employment Data

Pound Rises for Second Consecutive Day The pound rose against both the US dollar and euro on Wednesday, for the second straight day, after better than expected employment data on Tuesday gave sterling a much-needed boost. Figures published by the Office for National Statistics on Tuesday morning revealed a [...]

By |2020-01-22T16:57:16+00:00January 22nd, 2020|Currency|0 Comments

Poor Inflation figures weaken Pound

Will the BoE cut rates? UK inflation figures were published yesterday morning (9:30am) which came in at the lowest reading seen for the past three years (Nov 2016). The rate dropped to 1.3%, down on the anticipated 1.5%. This has raised fears of a potential interest rate cut by [...]

By |2020-01-16T10:22:41+00:00January 16th, 2020|Currency, Financial, Governments|0 Comments

Sterling Rebounds as Investors Buy the Dip

GBP/EUR Rises to 1.17 The pound staged a modest comeback against both the euro and the dollar on Tuesday as investors saw the recent weakening of the currency as an opportunity to buy it at a bargain price. As a result, sterling rose to trade above 1.30 against the [...]

By |2020-01-14T16:18:34+00:00January 14th, 2020|Currency|0 Comments