As Friday came to a close, the Pound found itself range-bound after news started to emerge that coronavirus cases were reaching a critical point. This meant that the government is considering additional restrictions that could hold the economy back which…
After a solid run, the Pound hit some bumpy ground during trading on Thursday. This meant that the foreign exchange rate against the US Dollar remained unchanged at 1.2978 while the rate against the Euro dropped to 1.094. This retreat…
The Pound continued to recover through trading on Wednesday with rates against the Euro and the US Dollar becoming stronger. This saw the currency finish the day at 1.0979 against the Euro and 1.2972 against the US Dollar according to…
The Pound exchange rates continued to recover during Tuesday even with the ongoing Brexit concerns still looming over the currency. There was also bad news in the form of the latest job figures although these figures did not affect investors.…
Through trading on Monday the Pound made a slight recovery following growth in support for opposing the internal market bill that Boris Johnson has put forward. However, Brexit is still going to become a sticking point for the currency moving…
Following the news of the latest monthly GDP release, the Pound managed to end the week in a solid position. This was down to the fact that UK GDP had grown by 6.6% in July, proving that the economy was…
During trading on Thursday, the Pound plummeted reaching a new six-month low against the Euro with the exchange rate dropping to 1.0836 while it also dropped to 1.2817 against the US Dollar. This followed news that the EU planned to…
A new six-week low was hit during trading on Wednesday as the Pound to Euro exchange rate dropped to 1.1016 as indicated by the Foreign Exchange market. This followed the publication of the internal market bill from the UK government…
A blend of no-deal Brexit concerns and growing worries of a second wave of coronavirus cases caused the Pound to experience a significant sell off during trading on Tuesday. The Pound to US Dollar rate dropped lower again to 1.2960…
The idea of a no-deal Brexit caused the Pound to plummet through trading on Monday. With news that the UK is looking to overlook sections of the EU withdrawal agreement, the currency suffered from significant pressure. This caused the Foreign…
At the end of the week, the Pound slumped against the US dollar, finishing at 1.3253 according to the Foreign Exchange Market while it did not fare well against the Euro either, finishing at 1.1191. On Friday, the Bank of…
It was a defensive day for the Pound on Thursday as the services PMI came in lower than expected, while it also suffered at the hands of the underperforming job market in the UK. The figures for August indicated that…
The was a slight dip in the Pound to US Dollar rate on Wednesday, with the rate dropping to 1.3354 according to the Foreign Exchange Market. Concerns were made by the Bank of England which indicated that the coronavirus outbreak…
The pound made some positive moves during trading on Tuesday as it reached an 11-week high against the Euro with a rate of 1.1235 according to the Foreign Exchange Market. Along with this, the currency also took off against the…
Following comments from the Bank of England Governor Andrew Bailey that suggested that monetary tightening is still some way off, trading was somewhat mixed through the final session of the week last week. Despite this, there were some gains in…
The Pound showed very little movement during trading on Thursday as concerns over increasing coronavirus cases as well as Brexit worries caused investors to sit tight. This saw the currency end the day at 1.1167 against the Euro and 1.3197…
The Pound strengthened against both the US Dollar and the Euro on Wednesday as the exchange rates reached 1.1168 and 1.322 respectively according to the Foreign Exchange Market. Any fresh Brexit concerns were alleviated by news that Downing Street had…
Strengthening Pound exchange rates against the Euro and the US Dollar helped the currency to soar during trading on Tuesday. This was despite the fact that a lack of Brexit talk progress and concerns over unemployment loom over the currency.…
On Monday, the pound fell back slightly as the continued concerns around a no Brexit deal still caused problems for the currency. The current round of talks resulted in a deadlock and still, a trade deal is looking highly unlikely.…
As the week came to a close, the Pound dipped through trading on Friday as a result of Brexit concerts. It slipped against both the Euro and the US dollar, finishing the day at 1.1097 and 1.309 respectively. This all…
Through trading on Thursday, the Pound gathered momentum as the Pound to US Dollar exchange rate managed to gain back some of its losses. A lack of Brexit progress didn’t hold investors back as they were bullish in their actions…
The release of the latest consumer price index caused the Pound to go on the defensive during trading on Wednesday. Inflation moved to the highest figure for four months, reaching 1% although this is likely to be short-lived. This added…
Through trading on Tuesday, the Pound to US Dollar exchange rate climbed to the highest figure in five months according to the Foreign Exchange market. There was fresh hope around Brexit negotiations and this had a positive impact on the…
The Pound stood firm throughout trading on Monday as comments from the Bank of England relating to the rapid recovery of the economy left investors feeling upbeat. With the economy rising by around 1% per week and the risk to…
Throughout Friday trading, the Pound benefited from hopes that the UK economy was taking another step towards recovery after more areas were opened on Saturday. The Pound / USD exchange rate moved higher although the GBP / Euro rate remained…
There were some improvements for the Pound during trading on Thursday as the currency took advantage of its weaker peers. The UK economy has been hit with bad news this week and so, moving higher during trading helped to ease…
The pound took advantage of its weaker peers during early trading on Monday and this helped to set it off on the right foot for the new week. However, what is causing problems for the currency is the fact that…
A trading came to a close on Friday, the Pound struggled to find any sort of momentum and that was partly down to the news that the government furlough scheme was not going to be extended. As a result, the…
Through trading on Thursday, the Pound made some considerable gains off the back of the news that the Bank of England had revised its economic forecasts. This meant that the economy was expected to shrink less than the expected 14%…
There was a lack of direction for the Pound on Wednesday after the currency suffered from Brexit concerns and coronavirus worries. Much of the anticipation however, was around the rate decision that was to be announced by the Bank of…
Through trading on Tuesday, the Pound experienced some selling pressure after the outlook for the second half of 2020 was beginning to look slightly concerning. The talks of a potential lockdown in London would send shockwaves through the economy causing…
News that London could be placed into lockdown caused the Pound to go on the defensive during trading on Monday. As coronavirus cases grow, placing London into lockdown could have serious implications on the economy and that caused investors to…
As the week came to a close, the Pound continued to push higher despite news that the UK would be putting the brakes on some of the easing of coronavirus restrictions. Despite this, according to the foreign exchange market the…
It was yet another good day of trading for the Pound during Thursday as it climbed higher, breaking through a vital barrier of resistance against the US Dollar. Despite the promising movements, the currency was benefiting more from the weakness…
Following some cautious mark optimism, the Pound continued to strengthen through trading on Wednesday. The latest housing figures from the Bank of England that indicated there was a sharp rise in mortgage approvals last month also helped to boost the…
Tuesday saw the Pound grow stronger as rates increased against many of its peers after there was fresh hope of a UK-EU Brexit deal likely this year. This saw the currency end the day at 1.103 against the Euro and…
There was nothing notable yesterday to bolster the Pound but it did manage to hold steady, taking advantage of the weak US Dollar. However, the currency is still under mounting pressure from a lack of certainty surrounding Brexit although reports…
According to the Foreign Exchange market, the Pound rounded off Friday in a stronger position after benefiting from some promising UK economic data. Both the retail sales figures and the latest PMI caused a surprise as they were better than…
Through trading on Thursday, the Pound trended lower after the latest Brexit talks came to an end with very little progress made. The UK’s chief negotiator indicated that they are still some way off coming to an agreement, further denting…
The news that the UK was ready to abandon Brexit trade negotiations left the pound on the defensive during trading on Wednesday. Talks had stalled and this meant that it was looking likely that ministers were planning on basing any…