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 [...]
Budget
Bank of England keeps negative interest rates on the table
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.
UK economy contraction
Confirmation that the UK economy experienced a significant contraction in the first quarter left the pound on a weaker footing
Pound bounces to one-month highs
Euro recovers ground as Eurozone finance ministers reach support agreement. News that an agreement had finally been reached helped EUR bounce back
Coronavirus & currency market chaos
policymakers voted unanimously to slash interest rates from 0.75% to 0.25% to defend against the impact of the coronavirus.
UK inflation & Interest rate cut
A weaker-than-expected UK consumer price index added to the odds of an imminent Bank of England (BoE) interest rate cut this week
Pound under pressure
Increasing evidence of a fourth quarter UK economic slowdown left the pound under pressure, pushing it away from its New
Pound extends winning run thanks to election result
UK election results. While markets anticipated a Conservative win this did not stop GBP exchange rates from rallying sharply.
UK election 10 days away, GBP volatility forecast
The pound spent last week fluctuating in response to the latest UK political developments, while the mood towards the euro
Pound tumbles
UK service sector growth slumps to 40-month low. The pound slumped at the end of last week as markets were left disappointed by the UK’s latest PMI figures.