Vaccine optimism ebbs
12 Apr 2021Last week, Sterling took a 2.0% dive on a trade-weighted basis in its worst week since December. The Pound has been softening against a host of other majors as…
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Another milestone
30 Mar 2021Against other currency majors, the Pound to US Dollar exchange rate dipped below the 1.37 mark for the first time since the beginning of February, while…
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Sitting stronger
22 Mar 2021The UK's vaccination programme has been continually posting solid figures, with over 30 million people now vaccinated. The Pound to US Dollar exchange rate has…
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Mixed week
15 Mar 2021The Pound had a mixed week against other G10 currency majors, impacted by the coronavirus vaccine back and forth between the UK and EU. Sterling softened in…
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The road out of lockdown
22 Feb 2021The British currency had another strong week, rising against a host of major currency peers. Versus the Euro, Sterling's risen for six consecutive weeks to…
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Sterling hits 33-month highs
16 Feb 2021The Pound has hit 33-month highs against the US Dollar today, boosted by general US Dollar weakness, and positivity regarding the UK vaccine rollout...
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BoE optimistic on recovery
08 Feb 2021Last week, the Bank of England's monetary policy meeting was one of the main focal points. While monetary policy remained unchanged, the surprising thing about…
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GBP/USD hits three-year highs, safe-haven popularity increases
01 Feb 2021The Pound's been attempting to push higher against the US Dollar after reaching three-year highs in recent sessions but has been unable to breach the 1.3750…
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Sterling reaches highest level since 2018
25 Jan 2021Last week, Sterling managed to hit its strongest value since April 2018 versus the US Dollar as the UK raced to innoculate citizens with the coronavirus…
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A new dawn for America
18 Jan 2021Sterling moved higher last week and could continue to strengthen as the UK rolls out its mass vaccination plan. However, negative interest rates and lower…
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Lockdown bites
11 Jan 2021Following three strong weeks after the UK-EU trade agreement was made, Sterling finished last week slightly softer. Given the UK's current state with the…
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Year of the vaccine
04 Jan 2021Since March 2020, the US Dollar has stumbled lower by around 13% measured against a basket of other majors on a trade-weighted basis. A few factors are…
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Currency news and seasonal opening hours
21 Dec 2020Between Monday and Thursday last week, the Pound managed to climb around 2.5% against the US Dollar and by approximately 2.0% against a basket of other majors…
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Last admission to the Brexit rollercoaster
14 Dec 2020This year has been chaotic for markets, and while the world has had to collectively cope with a global pandemic, the UK government has also had to handle…
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Pound drops as Brexit talks turn sour
07 Dec 2020The GBP/USD exchange rate broke above the interbank 1.35 level to reach 1.3539, a figure it hasn't reached since April 2018. In total, the GBP/USD exchange rate…
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Pound run falters, Aussie and Kiwi strengthen
30 Nov 2020At the start of last week, the Pound managed to reach 11-week highs versus the Canadian Dollar as Brexit trade deal hopes buoyed the British currency.…
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Vaccine hopes boost riskier assets, Brexit optimism continues
23 Nov 2020Last week, the Pound noted further gains, marking its fifth consecutive week of strength against a basket of other majors. The increase in popularity has come…
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Election results are in, Brexit deadline looms
09 Nov 2020Last week, the Pound gained some strength, climbing against both the US Dollar and Euro as the week went on. Sterling shifted from levels in the 1.28's at the…
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UK approaches another lockdown
02 Nov 2020The UK is shortly to enter into another full-scale lockdown, supposedly until the 2nd of December. However, Michael Gove has already set the foundations for an…
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Pound strengthens on optimism, high-tier data ahead
26 Oct 2020Data last week showed a slowdown in UK business activity in October, increasing concerns there could be a renewed downturn in the final quarter of the year.…
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GBP at four-week high
12 Oct 2020Against a basket of other majors, Sterling's trading at around a four-week high, and above 1.30 versus the US Dollar as the week begins. On Friday the Pound…
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Brexit, coronavirus, and election in focus
05 Oct 2020As the EU has stated that a deal needs to be reached by the end of October or early November for it to be ratified before the transition period runs out at the…
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Pound rebounds
28 Sep 2020The Pound finished last week slightly lower as UK coronavirus restrictions tightened. It's estimated more than a quarter of UK residents are in area-specific…
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Watching the headlines
21 Sep 2020The Pound managed to regain some lost ground last week from earlier in the month. However, there were some sudden shifts, such as mid-week when the Bank of…
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GBP's worst weekly performance since March
14 Sep 2020The Pound experienced its worst weekly performance since March last week, falling by around 4.0% versus a basket of other major currencies. Market expectations…
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Breaking the Brexit agreement?
07 Sep 2020The Pound had a strong start to last week, trading in the interbank ranges of 1.35 versus the US Dollar, and 1.13 against the Euro. However, by mid-week, the…
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Dollar continues sell-off
01 Sep 2020The Pound has been trading at its highest levels versus the US Dollar since December 2019 in recent sessions, as the Buck weakens across the board. While the…
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Jackson Hole Economic Policy Symposium in focus
25 Aug 2020It's a quiet week ahead for UK domestic data, but house price data will be released on Friday, and Bank of England Governor Andrew Bailey will be speaking at…
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Looking at the economic rebounds
17 Aug 2020UK growth was a big topic of discussion last week, after the second quarter of 2020 documented a disappointing -20.4% contraction—the biggest recession on…
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Dollar registers seven consecutive weeks of declines
10 Aug 2020The Dollar closed last week slightly higher but registered its seventh consecutive week of declines for the first time since 2010. It remains to be seen whether…
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GBP/USD, EUR/USD hitting highs
03 Aug 2020The Euro hit it's highest levels against the US Dollar since May 2018 last week at 1.1909 interbank, as the Dollar sank across the board. Data at the start of…
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US Dollar, going down
27 Jul 2020There are a number of reasons for US Dollar’s recent softness; tensions between China and the US are rising, there are growing fears of further pandemic strife…
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Back to Brexit
21 Jul 2020At the end of last week, the Pound was set for its largest weekly decline against the US Dollar in a month, falling by over 1.5%. Sterling slipped below the…
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Eyeing the data
14 Jul 2020The week ahead will see a slew of highly influential economic data print across the board, which could create some market volatility. UK growth stats will be…
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Waiting game
06 Jul 2020The Pound approached the end of last week on a positive note against the US Dollar, as optimism over Brexit talks boosted sentiment. Both parties have been…
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Coping with Covid
29 Jun 2020Last week, the UK Chancellor, Rishi Sunak, hinted that more stimulus could be on the way to support the British economy.
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Risk sentiment sours, US Dollar rebounds
17 Jun 2020The Pound made gains against a host of other currency majors early last week, hitting interbank levels as high as 1.28 versus the US Dollar. However, between…
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Riskier currencies rebound
08 Jun 2020The Euro strengthened last week, hitting a three-month high versus the US Dollar after the European Central Bank announced it was expanding its stimulus to help…
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The economic effect of the coronavirus
01 Jun 2020The US Unemployment Rate is expected to jump significantly from 14.7% to 19.7%. Meanwhile, the highly influential US Non-Farm Payrolls stat, which registered a…
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Coronavirus impacts data, Brexit back on the table
26 May 2020Last week showed a sharp decline in March’s UK Retail Sales figure as the coronavirus took hold, as well as a dramatic fall in wage growth, a…
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