Currency Note GBP


USD: Stronger dollar following FOMC speeches

The dollar strengthened yesterday and is still up against the pound this morning, following scheduled speeches from FOMC members. They took a ‘less dovish’ stance to interest rates than expected, however, a rate cut is still expected to be announced next month. In...

EUR: Euro benefits from weak pound

The euro is continuing to benefit from Brexit uncertainty keeping the pound low, as Boris Johnson said the 31st October deadline would be kept, ‘do or die, come what may’. German consumer confidence came in lower than expected, but, with Brexit pressure on the pound,...

Johnson says Brexit deadline is ‘do or die’

Fears about an increased likelihood of a no-deal Brexit are weighing on the pound this morning, following comments by Boris Johnson that the 31st October deadline is ‘do or die, come what may’. The euro is benefitting from this weakness, up against the pound despite...

Do or die and the balance of probabilities

The pound continues to trade at a rate some way off its early 2019 highs but some way above its 2016, 2017 and 2018 lows too. A poll in today’s Times found that 36% of the population believe that the claims that a no-deal Brexit would cause severe damage to the...

USD: Dollar weak ahead of G20 summit

The dollar is weak this morning against both the pound and the euro, falling to a three-month low against the single currency. The prospect of monetary easing by the Federal Reserve still continues to weigh on the greenback. Scheduled speeches from influential FOMC...

EUR: Euro at three-month high against dollar

The euro is down against the pound this morning, despite continued concerns in the UK about the possibility of a no-deal Brexit. Further political news will come later this week from the G20 summit. Meanwhile, the single currency is at a three-month high against the...

GBP: A mixed morning for sterling

The pound is benefitting from the dollar’s weakness today, but continues to suffer against the euro as uncertainty continues. In an interview with the BBC yesterday, Boris Johnson stuck to his pledge to leave the EU on the 31st of October. However, he said that he did...

Sterling and euro benefit from dollar’s weakness

Sterling and euro are both benefitting from the weakness of the US dollar today, with the latter weakening on the prospect of monetary easing policies. The pound is showing an upward tick this morning against the euro, but it is still low due to pressure from worries...

USD: Dollar still suffering due to possible rate cuts

The dollar remains in a weak position this morning, but has benefited from the pound’s drop. The greenback is still on the back-foot due to possible rate cuts. The dollar slipped to a two week low on Friday as expectations of a rate cut grew. Economic data did not...

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