Pound Left Fighting Hard Easing of Lockdown Restrictions

Tuesday saw the Pound meet with varying challenges, as the currency weakened against the Euro, finishing the day at 1.1069 down from 1.1079 the previous day, the currency, however, did improve against the US Dollar according to the foreign exchange market as it rounded off the day at 1.2518. Despite this, even further relaxing of the lockdown measures could not bolster the pound further although there was some hope following the news that the manufacturing sector experienced growth during June.

currency news

The Euro pushed forward on Tuesday after the latest PMI figures left investors feeling hopeful that the economy is recovering and making progress. This was bolstered by the fact that the manufacturing and services sectors both performed better than expected this month. Today, Germany is releasing its latest IFO business index reports and this could again help the Euro to strengthen again.

There was a lot of selling pressure on the US Dollar throughout the session yesterday following the news that the US-China trade deal that was signed in January had not been cancelled. However, there is likely to be challenges for the US Dollar today which could cause problems for it.


NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.