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 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.

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

[vc_row][vc_column][vc_column_text] 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 […]

GBP exchange rates have pushed higher again this morning, with investors’ sights firmly set on the upcoming UK Election Day

[vc_row][vc_column][vc_column_text]The pound spent last week fluctuating in response to the latest UK political developments, while the mood towards the euro soured sharply in response to weaker-than-expected German inflation figures. Meanwhile, the US dollar was exposed to selling pressure as US markets closed for the Thanksgiving holiday, and AUD exchange rates struggled as the odds of […]

An unexpected deterioration from the UK services PMI left the pound on a weaker footing as worries over the fourth quarter growth outlook mounted.

[vc_row][vc_column][vc_column_text] An unexpected shift towards dovishness from the Bank of England (BoE) saw the pound come under renewed pressure ahead of the weekend Increasing concerns over the health of the German economy limited the appeal of the euro, with the industrial sector remaining under pressure thanks to global trade worries. Growing doubts over the likelihood […]

[vc_row][vc_column][vc_column_text]The former October Brexit deadline slid by on Thursday with the UK still a member state of the European Union thanks to a three-month extension granted by EU leaders. Despite Prime Minister Boris Johnson’s mantra that the UK would leave the European Union, do-or-die, on October 31, the deadline came and went without incident, offering […]