Yearly Archives: 2020

You can see our currency news market reports, published daily, on this page. Jargon-free and with our archive back to 2011, bookmark this page to stay on top of the latest currency news relating to your transfers.

Pound Struggles Continue

25 September, 2020

Simon Eastman

Sterling is still struggling to make any headway against its major pairings as Covid restrictions tighten and Brexit trade talks still prove fruitless. We did see the pound make some gains yesterday but these were muted and mainly down to weaker than expected German IFO business sentiment data in the morning, followed by rising jobless […]

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Sterling holds its ground following new Covid-19 restrictions

23 September, 2020

Grace Smyth

We saw rates drop at the beginning of the week over fears of a new nationwide lockdown, and the possibility of negative interest rates in 2021. Now we are mid-week with news that infection rates are surging in the UK and the Prime Minister made fresh Covid-19 restrictions which has been warned could last 6 […]

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Coronavirus continues to grip the UK

21 September, 2020

Ashley Finill

This week could be a pivotal week for the UK with the Coronavirus continuing to take it’s grip on the nation with the number of cases rising at an alarming rate. The government and its scientific advisors are set to meet this week to discuss another potential lockdown. Should another lockdown be put in place […]

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Interest Rate Warning

18 September, 2020

Matthew Boyle

Last week was a particularly a turbulent one for exchange rates, with GBP suffering its biggest losses since March. This week has also been a volatile one, with unpredictability seemingly increasing by the day. Yesterday saw the Pound drop sharply across the board following an announcement by the Bank of England stating that it would […]

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Troubles continue for Pound

16 September, 2020

Rob Bastin

Last week Sterling suffered its worse week since the market crash back in March, as investors becomes increasingly concerned of the prospect of a ‘no deal’ Brexit. So far this week a small technical bounce has been seen however any gains have been very limited. Latest unemployment data for the UK played a part in […]

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Sterling Moves Lower

14 September, 2020

Luke Dyson

Following on from last week we saw sterling have a hard time against the euro and dollar with just over a four cent drop in a couple of days. This was a result of Boris’s new five week Brexit time line to the 15th Oct to get a post Brexit trade deal agreed.This agreement must […]

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Brexit Deadline

7 September, 2020

Tom Arnold

The week ahead is a busy one on the currency markets, with plenty of critical data due out across many of the world major economic zones. We will see GDP figures from Europe and the UK, Interest Rate decisions and policy statements from Europe and Canada, and various other data releases including UK Industrial and […]

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The Pound last week hit its lowest level against the Euro for over 10 years

23 March, 2020

Robin Haynes

The Pound last week hit its lowest level against the Euro for over 10 years, and against the US Dollar since 1985. A combination of the devastating economic impact of Coronavirus-based social distancing measures & business shutdowns, and the under-reported effect on Brexit trade talks (which are not happening) mean that the UK currency has […]

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BoE Rate cut sees Pound claw back after Flash crash

20 March, 2020

Matthew Boyle

Yesterdays announcement by the Bank of England that Uk interest rates would be cut to 0.1% offered a small amount of respite in what has been a torrid few weeks for the currency. We have seen the pound lose significant ground across the board but significantly 13 cents against the Euro, and 15 cents against […]

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Last week compounded sterling weakness as we saw traders dump sterling daily

16 March, 2020

Simon Eastman

The last week compounded sterling weakness as we saw traders dump sterling daily, as Coronavirus took hold. We are ever-changing on advice from the government as the virus unfolds but one thing that isn’t changing is the effect this pandemic is having on the economy and the pound. We have seen the Bank of England […]

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