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

The BoE to deliver its second emergency policy move in as many weeks, cutting interest rates to a fresh record low of 0.1%.

policymakers voted unanimously to slash interest rates from 0.75% to 0.25% to defend against the impact of the coronavirus.

Decrease in the odds of the Brexit transition period ending without a fresh UK-EU trade deal saw the pound fall sharply out of favour last week

[vc_row][vc_column][vc_column_text]The mood towards the pound improved after the UK’s manufacturing PMI delivered an unexpectedly positive reading for February. The European Central Bank’s (ECB) January meeting minutes offered encouragement to the euro, meanwhile, as their tone proved more optimistic than anticipated. A surprise contraction in the US services PMI saw the US dollar stumble ahead of […]

A weaker-than-expected UK consumer price index added to the odds of an imminent Bank of England (BoE) interest rate cut this week

UK election results. While markets anticipated a Conservative win this did not stop GBP exchange rates from rallying sharply.

As opinion polls continued to point towards a Conservative lead ahead of the upcoming election the pound stormed higher after Strong Conservative polling

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 […]