One-year high
18 Oct 2021Last week, the US Dollar hit a one-year high against a basket of other major currencies as markets anticipated the Federal Reserve would begin tapering its…
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Best performance since August
11 Oct 2021The Pound put in its best performance since August last week against a basket of other majors. It closed 0.5% higher on a trade-weighted basis as markets…
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Touching four-week highs
27 Sep 2021Last week, the Pound to Australian Dollar exchange rate reached four-week highs before finishing 0.43% lower. Meanwhile, Sterling traded flat against the New…
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All eyes on the central banks
20 Sep 2021Last week, the Pound slipped versus the US Dollar, falling by around 0.75%, hitting its lowest levels in about a month. In recent sessions, risk sentiment has…
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Rates on hold
13 Sep 2021The Pound closed 1.19% higher on the week against the Canadian Dollar last week. Meanwhile, the Bank of Canada opted to keep interest rates on hold at 0.25%, in…
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Softening on sentiment
06 Sep 2021The Pound reached three-week highs versus the US Dollar last week, closing the week 0.87% higher. The Stateside currency has continued to soften as risk…
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Breathing room
23 Aug 2021The Pound experienced losses against the US Dollar and Euro last week but managed to achieve some highs against other majors elsewhere as commodity prices fell.…
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Important inflation data ahead
16 Aug 2021The Pound had a slightly negative week last week, as it ended lower following Thursday’s GDP growth report. The report has further reduced the prospect of an…
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Rate hike ahead?
09 Aug 2021The central bank hasn't hiked rates since mid-2014 and cut rates to record lows of 0.25% last year as central banks worldwide reacted to the impact of Covid…
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GBP/EUR reaching 16-week highs
02 Aug 2021Last week, the Pound to US Dollar exchange rate had its best-performing week since February, closing 1.12% higher and reaching five-week highs. Today, highly…
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Learning from mistakes
27 Jul 2021The Euro softened after European Central Bank President Christine Lagarde stated that the central bank had learned from previous economic events and wouldn't be…
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4.0% climb
19 Jul 2021The US Dollar has been climbing in recent weeks, rising by around 4.0% on a trade-weighted basis since May to reach its strongest levels since the start of…
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When the policymaker scales begin to tip
12 Jul 2021Markets will be keeping a close watch on developments to see when the policymaker scales will begin to tip, with more in favour of tapering. US inflation data…
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GBP/USD hits 11-week lows
05 Jul 2021The Pound continued to slide versus the US Dollar last week, hitting 11-week lows before erasing some of its losses on Friday afternoon. The GBP/USD currency…
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Surviving a downturn
25 Jun 2021Last week, the Pound took a bit of a dive on Thursday after the Bank of England monetary policy announcement. Interest rates were left at historic lows of 0.1%,…
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Will he, won't he?
14 Jun 2021The Pound traded in a tight range versus the US Dollar last week, between interbank levels of 1.4074 and 1.4190. Meanwhile, the Pound marked its 7th consecutive…
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GBP/USD hits highest level since 2018
08 Jun 2021The Pound to US Dollar continued to trade sideways last week but managed to attain its strongest level since April 2018, albeit briefly. GBP/USD interbank highs…
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Anticipation for rate hikes
01 Jun 2021The Pound strengthened last week as news of a potential interest rate hike by the Bank of England in the second half of 2022 circulated. Meanwhile, England is…
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Bank of England speeches ahead
24 May 2021The Pound traded in a tight range against its peers last week but still made gains on a trade-weighted basis for the third week in a row. Sterling was supported…
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Open for business
17 May 2021Sterling marked a second week of gains on a trade-weighted basis last week, residing close to 2021 highs. Positivity over further easing of lockdown measures…
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Gaining favour
10 May 2021The Pound reached its highest level versus the US Dollar since February today after local elections showed the Conservatives continued to hold the political…
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BoE meeting ahead
04 May 2021The Pound reached 11-day lows versus the US Dollar on Friday at interbank levels of 1.3803, while the Sterling to Euro exchange rate was very flat throughout…
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A story of softness
26 Apr 2021The Pound appeared to rally earlier in the week before softening as the week came to a close. Sterling rose to around 1.40 against the US Dollar and 1.16 versus…
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Expanding again
19 Apr 2021Last week, British data showed the UK economy had expanded by 0.4% in February, despite a lockdown, following a sharp -2.2% drop in January. While vaccine news…
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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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