Weekly market update
21 Sep 2020
The 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 England suggested it would be reviewing the impact of negative interest rates in the UK...
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GBP's worst weekly performance since March
14 Sep 2020
The Pound experienced its worst weekly performance since March last week, falling by around 4.0% versus a basket of other major currencies. Market expectations for a rate cut from the Bank of England by May 2021 increased from 32% the week before, to 60%...
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Breaking the Brexit agreement?
07 Sep 2020
The 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 familiar Brexit pessimistic headlines hindered Sterling strength...
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01 Sep 2020
The 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 Dollar is lacking any major fundamentals to push it out of its recent weak patch, the Pound is dealing with mixed UK data and a lack of progress in Brexit talks...
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Jackson Hole Economic Policy Symposium in focus
25 Aug 2020
It'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 the annual Jackson Hole Economic Policy Symposium on Friday. This event could create some market movement with so many influential figures due to speak...
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