Yearly Archives: 2020
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Sterling had a more subdued day on Tuesday
14 October, 2020
Simon Eastman
Sterling had a more subdued day on Tuesday, having made some decent gains across the board on Monday. The reason for the rally was Boris Johnson’s three-tier strategy for tackling the rising Covid numbers, which was less imposing than markets had been expecting. Tuesday the rates fell back in most pairings as Brexit talks failed […]
Read moreWill we see big swings on Thursday or a muted market?
12 October, 2020
Grace Smyth
Last week saw the Pound remain relatively stable making no big movements either way. However, we enter a new week with the Pound seemingly more upbeat against the Euro and Dollar. As we are now closing in on the 15th of October date set by the Prime Minister for the EU deal talks to have […]
Read moreCautious trading ahead of trade talks deadline
9 October, 2020
Ashley Finill
As we come into Friday we see out a fairly uneventful week on the currency market, investors continue to trade cautiously as the 15th of October looms awaiting that all important update on whether the UK and the EU can come to an agreement on a trade deal or at least one in principle. With […]
Read moreCOVID confusion and market uncertainty
7 October, 2020
Rob Bastin
Yesterday’s trading session saw a small drop for Sterling across the board. Having recovered 2-3% from Septembers lows, the pound is now struggling to break back above key resistance levels against the Euro and US Dollar in particular. A small spike was seen following the latest Construction PMI figures that came in strong at 56.8, […]
Read moreOngoing Brexit negotiations with the upcoming European Summit
5 October, 2020
Tom Arnold
Last week the currency markets were closely monitoring the ongoing Brexit negotiations with the upcoming European Summit and self-imposed deadline of the 15th of October very firmly in everyone’s minds. Could the deadlock be broken? In short, no, but there does seem to be some optimism around, with various comments from both sides giving a […]
Read moreVolatile week it has been for sterling
2 October, 2020
Luke Dyson
What a volatile week it has been for sterling with GBP jumping multiple cents a day but only staying in its 3 cent range-bound market. The market still has no clear trend insight as Brexit negotiations draw closer to the deadline. we have seen some significant progress being made with the chances of a trade […]
Read morePresidential debate in the US was extremely negatively reported
30 September, 2020
Tom Arnold
This week began with a certain amount of positivity for the Pound with a resumption of face to face Brexit negotiations and hints that maybe there could be some light at the end of the tunnel, as talk of softening of stances on key areas such as fishing rights, started to leak into the press. […]
Read moreCurrency news this week
28 September, 2020
Maksim Tichonov
Unlike a few weeks ago, trade negotiations between the EU and UK are showing signs of small progress. The message given by the British press about the informal talks this week indicate a smaller chance of a no deal Brexit, due to some agreement regarding the Internal Market Bill (IMB). As we approach the 15th […]
Read morePound 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 […]
Read moreSterling 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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- 2013 (287)
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- 2011 (576)
New Articles
- Brexit deal to be done, or going, going, gone? 25 November, 2020
- Sterling starts the week down from the highs of last week 16 November, 2020
- Votes are in – albeit still being counted, will Donald trump Joe? 4 November, 2020
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