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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

During Tuesday’s session, the Pound trended lower following concerns over the growing cases of the delta variant of coronavirus and how that could delay the reopening plans on 21st June. However, there was further pressure placed on the currency following increasing tensions between the UK

On Monday, the Pound struggled initially, after it reacted to comments from the Health Secretary Matt  Hancock about the potential delay to the easing of restrictions on the 21st June. However, the currency picked up some momentum although there was no clear sign of recovery,

The Pound rounded off last week in a good position despite the changes to the travel list with Portugal being removed and no further countries added. This saw the currency reach a new 2-month high against the Euro while things also improved against the US

On Thursday, the Pound managed to pull further away from its peers after the impressive services PMI gave it a boost. The figure indicated that the services sector grew to a new 24-year high. Despite this, its appeal was limited as increasing delta cases and

The Pound gathered momentum against its peers on Wednesday as Boris Johnson announced that the reopening of the economy this month was still likely to happen. The government still has time to change its decision but this announcement helped to bolster the currency. Adding to

On Tuesday, the Pound took a defensive stance as investors became concerned with the reports that the government might pause on reopening the economy on 21st June. This is down to the increase in the Delta variant of coronavirus and it’s spread throughout the UK.

At the end of last week, the Pound gathered plenty of support following comments from the Bank of England. Furthermore, it was boosted by news from the Business Secretary who claims that there is nothing to suggest that the easing of restrictions would be delayed.

On Wednesday, the Pound struggled to find any direction although the Pound Euro rate did manage to creep up after its recent poor performance. The UK announced that it would be extending the vaccine programme to anyone over 30 and that helped the currency to

There was a lot of pressure on the Pound on Tuesday after the GBP to Euro rate fell to a two-week low, following continued friction between the UK and the EU. The ongoing problems relating to the removal of border checks by Boris Johnson and

Domestic coronavirus concerns forced the Pound into a slow start to the week on Monday. While the GBP to USD remained firm, the Pound to Euro rate hit a one week low. This saw the Pound finish at 1.1589 against the Euro and 1.4158 against

On Friday, the Pound found some ground and edged higher initially as it benefited from improved retail sales figures while the increase in manufacturing PMI also helped to bolster the currency. This saw the currency reach 1.1618 against the Euro and 1.415 against the US

The Pound stood firm during trading on Thursday after the Confederation of British Industry announced that factories in the UK had experienced the fastest growth since 2018. This helped to alleviate any concerns around the spread of the Indian coronavirus variant, which might have pushed

It was a promising start for the Pound on Wednesday as it strengthened thanks to it receiving a boost from a better-than-expected increase in domestic inflation. However, any gains quickly disappeared as the Sterling was hit by some profit taking as analysts suggested that the

The Pound strengthened yesterday following a surprise decrease in unemployment in the UK after the release of the latest jobs report. While this boosted the currency, the ongoing spread of the Indian coronavirus variant is causing concerns for investors and the impact it will have

The Pound strengthened on Monday and that saw it reach a two month high against the US Dollar. The UK unlocked even more of the economy yesterday, boosting hopes that things will soon recover further. However,  investors still have concerns about the Indian variant that

As the end of the week came to a close, the Pound remained relatively rangebound after news of the Indian variant of the coronavirus threatened to undo any economic progress that had been made. Warnings of a potential slow-down of the reopening left investors feeling

The Pound saw very little movement during trading on Thursday as news that Boris Johnson was concerned about the Indian variant of the coronavirus left investors bemused and worried. However, helping to limit any losses were the latest comments from the Bank of England which

The Pound edged higher on Wednesday after the latest GDP figures came in better than expected. The Office for National Statistics found that the UK economy had contracted by 1.5% during the first quarter which was lower than the prediction of 1.6%. With March showing

An increase in economic optimism helped to bolster the Pound on Tuesday as sentiment increased. This upbeat tone followed the latest news of covid restrictions being eased from next week, and that resulted in hopes for a significant economic rebound this year. As a result,

The Pound grew considerably against the Euro and US Dollar, rounding off Monday at 1.1639 and 1.4128 respectively, according to the Foreign Exchange Market. This came after investors were happy that the Scottish National Part failed to achieve an outright majority during the elections last

The Pound took a stronger stance on Friday after the political concerns that placed pressure on the currency had eventually easied with the closing of the local elections. However, any upside to the Pound remained capped following the speculation surrounding the Scottish election. At the

The Pound trended lower on Thursday after investors reacted to the latest policy meeting of the Bank of England. The meeting this month saw the Bank of England change its growth forecast for 2021, leaving investors concerned about a possible change to the monetary policy.

The Pound to Euro exchange rate reached a two-week high on Wednesday after Nicola sturgeon denied that she would look to hold an illegal independence referendum. This gave investors a slight lift. At the end of trading, the pound closed at 1.1583 against the Euro

Tuesday saw the Pound begin with a strong rally after the latest manufacturing PMI for the UK came in above expectations. Despite this, these gains were limited after the currency suffered from concerns surrounding the latest Scottish Parliamentary elections, pushing rates back down. At the

As last week came to a close, the Pound found itself on the back foot after concerns around the cash for curtains grew. The scandal could damage the Conservative Party at a time when the country is grappling to overcome the impact of coronavirus. Therefore,

The Pound moved higher on Thursday, as the currency started to benefit from the further opening of the economy as well as the continued success of the vaccine rollout. While the upswing proved promising, gains were limited after ongoing scandals within the government continued to

It was a quiet day for the Pound on Wednesday after political uncertainty weighed heavily on the currency. This followed news that a formal inquiry would be launched into the funding for the refurbishment of Boris Johnson’s Downing Street Flat. There is still very little

During trading on Tuesday, the Pound edged higher after it was found that UK retail activity had improved during this month. After the opening of retail and the ongoing vaccine rollout, it was found that retailers had experienced their largest increase in volumes since 2018.

The Pound started Monday on a strong foot as further encouragement was taken from the reopening of more of the economy. There was a slight recovery in the Pound to Euro exchange rate although it finished the day at 1.1502 while it finished at 1.3897

The Pound experienced some decent gains on Friday after the latest release of UK data helped to create an upbeat mood. There were improvements seen in both the retail sales and PMI figures, both of which came in higher than expected. However, investors still had

The Pound trended lower on Thursday against its peers as the currency finished the day at 1.1519 against the Euro and 1.3842 against the US Dollar according to the Foreign Exchange Market. Many of these losses were caused by a drop in market sentiment as

There was little support for the Pound on Wednesday after the news emerged that domestic inflation had not increased at the rate expected. This left investors disappointed and meant that much of the focus was then turned to the continuation of the pandemic roadmap and

On Tuesday, the Pound edged lower as investors decided to overlook the publication of the latest jobs report which indicated that unemployment had dropped to a three-month low. However, the drop in the pound was attributed to considerable profit taking after the Pound US Dollar

Through trading on Monday, the Pound edged higher as it benefited from optimism that moved through the markets. Sterling sentiment was also boosted by news that the majority of the economy continues to hope for a significant rebound during the summer. However, the latest jobs

At the end of last week, the Pound strengthened finishing the week at 1.1544 against the Euro and 1.3832 against the US Dollar according to the Foreign Exchange Market. With improvements in trade and easing worries over the vaccine programme, things looked promising for the

With Thursday came very little movement for the Pound although it did lose some ground against the Euro and the US Dollar overnight. This saw it finish at 1.1516 against the Euro and 1.3782 against the US Dollar according to the Foreign Exchange Market. The

The Pound had difficulty finding any kind of direction on Wednesday as there was no catalyst to give it the boost it needed. This meant that investors were left to place their focus on the ongoing vaccine rollout and how further potential problems from around

The Pound lost some traction on Tuesday following the news that Chief Economist Andy Haldane will be leaving the Bank of England in June. This saw rate hike expectations change, especially as the BoE would be likely to retain a dovish approach, forcing the Pound

It was a strong start for the Pound to US Dollar rate on Monday as this increased to 1.3746 while the Pound to Euro rate also reached 1.1539 according to the Foreign Exchange Market. Market sentiment was boosted by the reopening of large parts of

The Pound managed to limit any losses on Friday after it struggled through the week as a result of vaccine concerns and the potential blood clot link. According to the Foreign Exchange Market, the currency managed to hold at 1.1519 against the Euro and while

The Pound continued to see losses on Thursday according to the Foreign Exchange Market as it dropped to 1.1527 against the Euro and 1.3735 against the US Dollar. Pressure on the currency came from concerns around the vaccine rollout and the economic recovery, as the

The Pound lost some footing on Wednesday against the US Dollar and the Euro, finishing at 1.3735 and 1.157 respectively, according to the Foreign Exchange Market. This was down to the news that vaccine supply was still shrouded in uncertainty while the safety of the