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Friday 13th May -The pound lost ground against many of its peers as it struggled against ongoing economic concerns. With the cost-of-living crisis worsening and the row over the Northern Ireland protocol continuing, there are worries that the UK economy could struggle further.   A

Friday 6th May -It was a relatively quiet day for the Pound as the Bank of England continued to give a bleak outlook on the economy after the interest rate decision placed pressure on the currency. However, the losses were limited as it seems as

Friday 29th April -The Pound strengthened during the session as European investors took a risk-on mood which helps to give the currency a much-needed boost. However, many of these gains were lost on Monday following a quick crash in European trade.   It was a

Friday 22nd April -There was a sharp drop in the Pound following the release of data that indicated that UK retail sales had dropped by 1.4% during March, coming in above expectations. There was also a drop in UK services PMI and this fuelled the

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Friday 8th April – The Pound lost ground during the session as it looked as though the economy would suffer as a result of ongoing travel chaos. With staff shortages causing issues, airlines cancelled flights and there were traffic problems at Dover, all of which

Friday 1st April – The Pound fell against many of its peers as the cost of living crisis gripped the UK and left investors concerned. This came after the UK energy price cap increased by 54% along with many other costs such as council tax and

Friday 25th March – There was an initial drop in the Pound as the latest retail sales data showed that there was a drop. Despite this, the currency did make up some of its losses even though there was no catalyst. An improvement in market

Friday 18th March – There was a lack of economic data on Friday and that meant a change in market mood, causing the Pound to struggle. Initially, the currency dipped as the European markets saw a risk-on rally although it did manage to make up

Friday 11th March – There was some success for the Pound after UK GDP came in at 0.8% which was above expectations. Despite this, the ongoing war and concerns meant that any gains were limited.   There was a drop for the Euro as the

Friday 4th March -As the Pound remained sensitive to risk, it meant that it dropped to new multi-month lows as markets were impacted by the ongoing Russian-Ukraine war. As the war escalated, markets were rattled and this meant that the Pound suffered.   It was

Friday 25th February -It was a difficult end to the week for the Pound although it did manage to recover some losses against the US Dollar following a rapid selloff on Thursday. While the currency did make up some ground, the expectations that the Bank

Friday 18th February -The Pound experienced a volatile day of trading as tensions between Russia and Ukraine grew. However, an increase in UK retail sales that were better than expected helped to boost the currency although the cost-of-living crisis increased fears that there would be

Friday 11th February – The Pound reacted to better-than-expected UK GDP data although it still experienced a mixed day of trading, even with the UK economy growing by 7.5% in 2021. Despite this, the currency lost some ground against risk-sensitive currencies as market mood improved.

Monday 31st January -The Pound experienced a slight wobble as a lack of data meant that it was not given any direction while the release of the Sue Gray report on the lockdown parties weighed on the currency. However, the release of the report was

Monday 24th January – As UK private-sector growth dropped to an 11 month low, it meant that the Pound lost ground against many of its rivals. Adding to the pressure, the flash composite PMI also pushed lower while the ongoing spread of Omicron is also

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Monday 17th January – The Pound lost some ground even though the latest Covid data suggested that cases are falling and that hospitalisations are plateauing, giving hope that restrictions can be eased further in the coming weeks. However, there was a lack of economic data

Monday 10th January – It was a relatively mixed day for the Pound as a lack of data meant that there was no real direction for the currency. There was also mixed news in the form of Omicron news although there are signs that cases

Tuesday 4th January – The Pound made up some good ground on Tuesday as there were increased bets on a likely Bank of England rate hike next month. Furthermore, the news that Omicron is still proving to be less severe means that no further restrictions

Monday 13th December – On Monday, the Pound started the day in a firm position as investors found some confidence in the currency after the announcement of the rapid booster plan for vaccinations. Despite this, the Pound lost these gains against its rivals later in

Monday 6th December – The increase in the UK’s construction PMI gave the Pound an initial boost on Monday as the data indicated that this was the fastest increase in purchasing for three months. Despite this, comments from the Bank of England put a stop

Monday 29th November – Monday was a mixed day for the Pound even though consumer credit rose to 0.7bn last month, way above expectations, as people increased their borrowing during the rebound after lockdown. However, Brexit concerns and Northern Ireland protocol negotiations along with the

Monday 22nd November – As the session on Monday unfolded, the Pound slipped lower as the Bank of England made some cautious comments and current Brexit concerns placed pressure on the Pound. There were more challenges later in the day after another energy company fell victim

Monday 15th November-At the beginning of the session on Monday, the Pound remained relatively subdued as Brexit hope faded.  There were more concerns around the Northern Ireland protocol and that it could result in a trade war. However, the Pound did make up for some

Monday 8th November – On Monday, the Pound started positively as it made up for some of the losses it experienced last week following the decision from the Bank of England on interest rates. While there was no clear indication as to what caused the

Monday 1st November –The Pound struggled on Monday as it reacted to ongoing Brexit concerns and even a possible Bank of England rate increase couldn’t give the currency the boost it needed.  There were further tensions between France and the UK with both threatening to

Monday 25th October -On Monday, the Pound had a mixed day of trading as a lack of data failed to give the currency much in the way of direction.  Any possibility of a Bank of England rate increase seemed to have disappeared after the release

Monday 18th October – During the session, the Pound slipped as further rises in gas prices placed pressure on the currency. Following a pipeline capacity auction yesterday, it was clear that there was not going to be an increase in gas supplies from Russia into

Monday 11th October -There was some selling pressure on Monday that caused problems for the Pound, following concerns that the economic outlook in the UK could cause further misery for the currency.  While there were some initial gains, this only limited them, as positive comments

Monday 4th October -The Pound continued to improve on Monday as the fuel crisis looked to be easing as the UK Government deployed the military to help deliver fuel to those areas still struggling. Despite the gains, they were capped as there are warnings that

Monday 27th September -The Pound strengthened during trading on Monday as it gathered momentum following the policy decision from the Bank of England. This led analysts to expect a rate rise in early 2022, giving the currency a boost. The gains were held into the

Monday 24th September –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

Monday 13th September -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

Monday 6th September -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

Tuesday 31st August – 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

Wednesday 25th August – 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