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Posted by Charles Purdy

Sterling stronger as market sentiment improves | 25/01/2021

The pound is stronger against both the euro and the dollar this morning after weakening slightly at the end of last week. Improved global market sentiment due to hopes of increased stimulus measures in the US has strengthened the pound. However, coronavirus news and economic data could impact sterling this week. Worries over the pace […]

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Posted by Charles Purdy

Sterling weaker amid longer lockdown fears | 22/01/2021

The pound closed yesterday at the highest levels against the greenback since spring 2018 but is slightly weaker this morning amid concerns of an extended lockdown. However, global optimism is increasing as vaccine roll-outs pick up speed and President Joe Biden signs more executive orders in the first 24 hours than any previous US president. […]

Posted by Charles Purdy

Pound stronger as global market mood improves | 21/01/2021

The pound is still at strong levels against both the euro and the dollar this morning due to general market optimism, positive inflation data and the UK’s vaccine rollout. The promise of economic stimulus relief from the Biden administration has created a more upbeat market mood. This optimism has caused the dollar to weaken, however, […]

Posted by Charles Purdy

Sterling stronger ahead of Bailey speech later | 20/01/2021

The pound is strong against the euro and the dollar this morning, ahead of another speech by Bank of England governor, Andrew Bailey later today. His speech last week, which dismissed negative interest rates, boosted the pound. Any further information regarding interest rates today has the potential impact sterling again. The dollar is weaker this […]

Posted by Charles Purdy

World plots return to full employment | 19/01/2021

In the UK more than 4 million people have now had their first dose of vaccine, and the new infection rate has fallen to under 50,000 (on a three-day average) for the first time in 2021. Despite this, Health Secretary Matt Hancock warned that the lockdown could continue for another six weeks at least. Travellers […]

Posted by Charles Purdy

Pound weaker ahead of Bailey speech and data releases | 18/01/2021

The pound is slightly weaker this morning but remains above significant levels against the euro and the dollar. Governor of the Bank of England, Andrew Bailey, will speak again this week ahead of the next monetary policy meeting in February. PMI and retail sales data will be released on Friday, which will provide an insight […]

Posted by Charles Purdy

Pound strong as round-the-clock vaccination centres promised | 15/01/2021

Sterling remains strong this morning as the number of people who have received vaccinations continues to rise and 24/7 vaccination centres are promised. Concerns over a new Brazilian Covid strain have been met with a travel ban from South America and Portugal from today. Biden’s announcement of a rescue stimulus package has caused the euro […]

Posted by Charles Purdy

Pound strong due to Bailey speech and vaccine hopes | 14/01/2021

The pound is still strong this morning as it continues to benefit from the Bank of England governor’s assurance that interest rates won’t be cut at the next monetary policy meeting. The vaccine rollout, which is now accelerating, and reports of falling infection rates have also given sterling a boost. In Europe, ECB President Christine […]

Posted by Charles Purdy

Pound stronger after comments from BoE Governor | 13/01/2021

The pound is stronger against both the euro and the dollar this morning after Governor of the Bank of England, Andrew Bailey, indicated that interest rates wouldn’t be cut in the coming weeks. There was speculation that the rate would move into negative territory due to the suffering UK economy. The euro is stronger against […]

Posted by Charles Purdy

BoE official in support of negative rates | 12/01/2021

Bank of England official, Silvia Tenreyro, said yesterday that the UK needs more monetary stimulus and explained that negative interest rates could help the economy. An interest rate cut could weaken the pound if this is introduced at the Bank’s next monetary policy meeting. However, sterling is slightly stronger against the euro and dollar this […]

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