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. […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
