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The ongoing gas crisis in the UK had a negative impact on the Pound during trading on Monday. The shortage of Co2 is going to have a big impact on the economy with meat processing and packaging likely to suffer. Furthermore, the shortage is likely

The Pound rounded off the end of last week on the back foot after a drop in retail sales placed pressure on the currency on Friday. The data showed that there had been a contraction in the growth of sales and that resulted in concerns

On Thursday the Pound lost ground against both the Euro and the US Dollar, rounding off the day at 1.1727 and 1.3797 respectively, according to the Foreign Exchange Market. This came following the news of a UK energy crisis as rising gas prices forced businesses

On Wednesday, the Pound experienced a day of wavering movement although it did manage to make gains by the end of trading. It was announced that inflation had surged to 3.2% and this was put down to low base effects of the Eat out to

On Tuesday, the Pound climbed during the early part of trading following news that more jobs were available and that employment had reached pre-pandemic levels. However, as the afternoon arrived, those gains had been lost following new Brexit concerns after a delay to checks on

It was a slow day for the Pound on Monday after a shortage of data meant that there was a lack of directions or the currency. However, Sterling did face some headwinds in the form of the increasing number of Covid cases as well as

On Friday, the Pound traded sideways against many of its peers as the GDP release did nothing in the way of bolstering the currency. UK GDP came in at 0.1% during July and that left investors believing that the economy had stalled. Some called it

On Thursday the Pound reached a new three-week high against the Euro, even after the negativity surrounding an increase in National Insurance Contributions. However, the upside in the Pound came as a result of hawkish comments from the Bank of England as it claimed that

There was very little in the way of support for the Pound on Wednesday as the latest announcement of National Insurance Contributions increases weighed heavily on the currency. Sterling was also impacted by continuing Brexit concerns after it was making headlines again after the government

On Tuesday, the Pound reached a six-week low against the Euro following news that National Insurance Contributions would increase by 1.25%. This caused concerns that it could cause issues for the economy and force businesses to cut jobs. The losses were limited as the Bank

Further problems with the supply chain in the UK weighed heavily on the Pound on Monday, forcing it to lose ground to many of its peers. As a result of Brexit-related staff shortages, the UK construction PMI dropped to a new five-month low, heaping pressure

During the trading session on Friday, the Pound lost some gains but the afternoon saw it make up for these losses as it made gains against most of its peers. Despite poor services PMI for August which dropped to 55 from 59.6 which came from

The Pound had an improved run on Thursday, as it took advantage of its rivals weakening. The UK supply chain issue is still a cause for concern as it could lead to high prices and labour shortages. Despite there being no real driver for the

On Wednesday, the release of the finalised manufacturing PMI in the UK confirmed that UK factory activity had slowed down, forcing the currency to struggle. While it was revised slightly higher, the data aligned with the ongoing supply chain issues and staff shortages that have

On Tuesday, the Pound behaved erratically, while it also slumped against many of its rivals after investors still had concerns about the economic recovery in the UK. Consumer credit dropped by a considerable amount in July, with the £0.042bn coming well under the expected rise

At the end of Friday’s Session, the Pound struggled to gain any traction. This was down to the increasing coronavirus statistics and the issues around the supply chain in the UK, both of which placed pressure on the currency. This saw the Pound finish at

The Pound was on the defensive on Thursday as further concerns around the economy took hold of investors. This followed a survey from the Confederation of British Industry (CBI). It indicated significant concerns around labour shortages that are causing problems for businesses. Furthermore, the supply

There was very little movement for the Pound on Wednesday as ongoing supply chain issues left investors concerned. The reports of increased disruption left traders unsettled as this is likely to have a significant impact on the economic recovery in the second half of the

The Pound edged higher on Thursday and this was mainly down to comments from the European Central Bank. It announced that interest rates would be maintained, keeping them at an all-time low. Furthermore, the currency also benefited from solid CBI Industrial data as manufacturing grew

On Wednesday, the Pound managed to close the gap with the Euro as well as the US Dollar. This boost came after Next announced that it had achieved impressive sales figures for the second quarter of 2021 while public-sector borrowing also dropped more than expected.

The Pound continued to move downwards on Tuesday as investors remained concerned about the growing number of coronavirus cases. Investors are questioning the decision to remove restrictions, fearful that it could lead to the introduction of restrictions as cases continue to rise. There was no

It was a difficult day for the Pound on Monday, which was dubbed as ‘Freedom Day’, as increasing covid cases continued to place pressure on the currency. Furthermore, the issue of people having to isolate and worker shortages also resulted in concerns for the economy.

On Friday, the Pound lost ground against many of its peers after investors grew concerned about the reopening of the UK. Pressure was also placed on the currency as a result of the increasing coronavirus cases, with there being no signs of it slowing down

The Pound strengthened on Thursday following talk from the Bank of England that if the economy continues to perform as it is, then it might need to begin tapering bond purchases soon. This comes after UK inflation increased by 2.5% in June and with no

The Pound increased on Wednesday after UK inflation came in higher than expected, however, its fortunes changed during the afternoon. Initially, the currency reacted to the increase in UK inflation taking it to a new three-month high against the Euro. By the afternoon, the gains

On Tuesday, the Pound managed to make up some ground against many of its peers. This came after the announcement that England would be moving on with the reopening as planned. Despite this, the Bank of England did send out some warnings about the risk

The Pound started Monday by dropping although, by the afternoon, it had rebounded after the announcement of the plans to reopen from the 19th July. There are concerns that the latest round of unlocking would not be as detailed as previously thought and this placed

On Friday, the Pound strengthened even though GDP missed didn’t quite reach the expected forecasts. However, the upside in the currency occurred following news that restrictions are likely to be dropped on the 19th of July, giving it a boost. Furthermore, the balance of trade

The Pound lost some of its gains on Thursday against many of its peers with a lack of UK data leaving the currency exposed to losses. However, further losses were limited as optimism continued to grow over the economic recovery in the UK and the

The Pound moved in a wide range on Wednesday as it struggled to retain any of the gains it had made. The currency wasn’t supported by the fact that there were no data releases to help nudge it in the right direction. Instead, optimism surrounding

During trading on Tuesday, the Pound struggled to make any progress as it lost some of its gains against the US Dollar and the Euro although it did climb against others. The Northern Ireland Protocol tensions appeared again and that pushed the currency downwards, even

On Monday, the Pound strengthened against a number of its rivals as it was announced that the UK would continue to lift the remaining restrictions in two weeks’ time. While optimism helped to bolster the currency, concerns were raised about increasing cases and how the

On Friday, the Pound managed to claw back some of its losses as it saw improvements against the US Dollar and the Euro, finishing at 1.3825 and 1.1652 respectively according to the Foreign Exchange Market. These gains came after further news was announced that the

The Pound lost some of its gains on Thursday following dovish comments from the Bank of England. The comments related to dangerous inflationary pressures while the BoE Governor claimed that the rise in inflation is transitory. Adding to the pressure was the final manufacturing PMI

The Pound spiked on Wednesday after the news came that the EU would give the UK a three-month extension to the Northern Ireland protocol grace period. This helped to ease tensions that held the currency back last month. Despite this, these gains were relinquished after

Through trading on Tuesday the Pound struggled as a positive outlook on the economy was dampened by concerns about the UK labour market. Recent consumer credit figures indicated that consumers borrowed more money than they had paid off for the first time since August 2020,

There were some difficulties for the Pound yesterday as it lost ground against many of its rivals. This came despite some good news from the health secretary Sajid Javid who stated that there was no need for restrictions to remain in place beyond the 19th

On Friday, the Pound weakened following the Bank of England’s policy announcement although things have improved during the start of this week. Investors did expect a more Hawkish message from the BoE even though it did raise inflation forecasts. The currency was also being held

On Thursday, the Pound experienced a slight dip as the Bank of England continued to maintain its relaxed approach to its interest rate decisions. While this decision was to keep interest rates unchanged, the dovish statement didn’t fill investors with hope. The current high rate

On Wednesday, the Pound was mainly rangebound after the flash PMIs from last month failed to help boost the currency. A mix of figures forced the Pound to stagnate as manufacturing PMI was better than expected although services PMI came in lower than expected. The

On Tuesday, the Pound started to regain some of the losses it experienced during the second half of last week. The Pound to Euro rate reached the highest levels since April, while it also managed to make some gains against the US Dollar. This saw

Through Monday’s session, the Pound rallies with the potential hawkish change in the Bank of England’s outlook later this week enhancing expectations. After the US Federal Reserve’s Projections for a sooner-than-expected rate increase as well as a rise in inflation in the UK, it’s expected

The Pound lost some of its momentum on Friday as UK retail sales experienced a drop during May. This saw sales plummet to 1.4% instead of reaching 1.6% as experts had expected. This placed increased pressure on the currency. This saw the Pound finish the

On Thursday, the Pound took a solid stance and strengthened, still benefiting from the inflation data that came in on Wednesday. However, as the day progressed, the currency lost some of those gains following some profit taking but again, it bounded back despite covid cases

The Pound made some improvements on Wednesday after the CPI figures for May really impressed while year-on-year inflation increased by 2.1% – the highest level seen for nearly two years. Despite the delay in lifting lockdown measures, the currency still managed to make gains, with

Tuesday was a day of mixed fortunes for the Pound as it reached a new one-month low against the US Dollar and lost ground against the Euro. According to the Foreign Exchange Market, the currency finished the day at 1.4081 and  1.1611 respectively. The currency

On Monday, the Pound initially lost some ground, eventually reaching a new one-month low against the US Dollar, although it did rebound and hold firm as the day progressed. Sterling was impacted by reports that the easing of restrictions would be delayed for four weeks,

On Friday, the Pound strengthened against a number of its peers after the G7 summit started. Despite increasing coronavirus cases and continued tensions between the UK and the EU around the Northern Ireland protocol, the Pound still managed to make some decent gains. According to

Despite suffering from failed EU-UK talks on the Northern Ireland protocol, the Pound made a recovery on Thursday afternoon. Talk from the European Central Bank indicated that it could be too early to begin discussing tapering bond purchases while the Pound also gained ground against

The Pound struggled on Wednesday as a result of failed talks around the Northern Ireland Protocol between the UK and EU. Investors feared that tensions could grow into a trade war and that placed pressure on the Pound. The currency had initially made gains during