Pound increases due to lifting of coronavirus restrictions
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
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
French Mortgages. The pound firmed last week in response to overwhelmingly positive UK data, but found these gains limited by domestic coronavirus concerns.
The US dollar pushed higher in the midst of optimism over the incoming Biden administration as market risk appetite generally diminished.
With renewed uncertainty over the chances of a UK-EU post-Brexit trade agreement, the appeal of the pound diminished this week.
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
The pound strengthened as coronavirus vaccine hopes, Brexit optimism and fading chances of negative interest rates boosted Sterling.
Sterling was pressured lower after Chancellor Rishi Sunak signalled that there wouldn’t be an extension to the government’s furlough scheme.
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.