The Pound rose against the dollar on Wednesday morning after UK inflation fell below the double digits to 9.9% in August, following a 40-year record of 10.1% in July. The Sterling rose to $1.1546 earlier in the morning and was trading at $1.1543 in late morning trading. UK inflation fell primarily on lower petrol prices, […]

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The dollar gained against the Sterling at 13:30 BST following the latest US inflation report, which revealed inflation lowered to 8.3% in August, yet failed to meet analyst expectations of 8.1%. The unexpectedly hot report sent the Pound spiralling from $1.17330 to $1.15593 at 14:00. The Sterling was trading at $1.15804 at 14:50 as markets […]

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The Pound fell to its lowest level against the Euro since early 2021, after hawkish rhetoric from the European Central Bank strengthened the Euro while the UK’s weaker than expected GDP report failed to boost the flailing Sterling. UK GDP grew 0.2% in July after a 0.6% fall in June, representing a return to growth. […]

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The Sterling rose to 1.1682 against the dollar in Monday trading after analysts noted maintained hawkish sentiment from the US Federal Reserve ahead of US inflation data, which is scheduled for release on Tuesday. Disappointing UK GDP growth of 0.2% in July did little to dent the Pound’s rise versus the dollar, with Prime Minister […]

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The Pound remained below the $1.15 mark on Thursday morning, hovering at $1.1494 ahead of new Prime Minister Liz Truss’ energy relief plan. Truss is scheduled to reveal a £130 billion proposition to freeze or reduce the energy price cap ahead of its 80% rise to £3,548 in October this year. The Pound hit a […]

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The Pound fell to its lowest level against the dollar since 1985 today on the back of the US currency’s rising strength and the UK’s gloomy economic outlook. The Sterling plummeted to $1.1407 and is currently at 1.1448. The dollar has been growing in strength over recent days, hitting a 24-year high against the Japanese […]

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The Pound fell to 1.14922 against the dollar in late morning trading on Wednesday as the dollar strengthened. The Sterling hit a low of 1.14545 earlier in the morning, marking a fall from its high of 1.1609 on Tuesday after reports emerged regarding new Prime Minister Liz Truss’ £130 billion relief plan to freeze or […]

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The Pound Sterling picked up in early morning trading on Tuesday following Bloomberg’s report that new Prime Minister Liz Truss had shored up plans for a £130 billion energy relief package for struggling UK households. The Pound rose from 1.15646 just after 06:00 to 1.15894 after Bloomberg broke the scoop, with the Sterling trading at […]

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The Pound remained lower against the dollar after Liz Truss was announced as the next UK Prime Minister on Monday, replacing departing Conservative leader Boris Johnson. The Sterling was 1.1508 against the dollar in late afternoon trading, after falling to its lowest level since 1985 of 1.1474 in advance of the announcement over Monday morning. […]

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The pound Sterling steadied on Friday in advance of the upcoming Prime Minister appointment next week. The currency took a sharp drop earlier in the week on the back of a report from the Resolution Foundation, which revealed the UK was facing its largest drop in living standards in a century. The pound fell to […]

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The Dollar reached a close to two-decade high in advance of the US nonfarm payrolls report, as markets awaited confirmation of promising jobs data which could advance hopes of a hawkish stance from the US Fed at the next interest rates meeting. US Fed chair Jerome Powell previously commented at the Jackson Hole convention that […]

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The pound suffered its biggest monthly hit against the dollar since 2016 on Thursday after the Resolution Foundation reported the UK was heading towards its lowest living standards level in a century. The Foundation estimated UK people in poverty would rise by three million, with relative child poverty on track to its highest level of […]

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The Pound Sterling weakened against the Dollar and the Euro after US Federal Reserve chair Jerome Powell’s comments at the Jackson Hole convention sent markets on both sides of the Atlantic into a spiral last Friday. Investors fled stocks following Powell’s confirmation of probable further interest rate hikes to tackle sky high inflation. A single […]

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The dollar rose against the Pound and the Euro ahead of the Jackson Hole convention this week, at which US Federal Reserve chairman Jerome Powell is expected to announce higher interest rates across the country. The US currency has enjoyed renewed strength as the Euro struggled on a deepening energy crisis and the Pound was […]

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The Pound sterling rose higher on Monday morning, despite the upcoming confidence vote against Prime Minister Boris Johnson which is scheduled between 6pm and 8pm tonight. The Pound exchange rate compared to the Euro was trading a third of a percentage point higher at 1.1679 and the Pound against the Dollar was trading 0.4% higher […]

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Just after lunchtime on Wednesday cable stands at $1.3869 The pound has sharply risen against the dollar over the past five days, with a big move coming yesterday afternoon. Covid cases fell in the UK, allowing the pound to win back some gains, while orders for durable goods fell short of Wall Street’s expectations, giving […]

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The pound was 0.25% lower against the dollar early on Friday morning Sterling dipped on Friday as retail sales surpassed expectations, while uncertainty remains over rising Covid-19 cases and the impact on the UK economy. The reaction was muted in the FX market “with both EUR and GBP trying to recover some of the losses […]

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The Bank of England could follow the ‘hawkish’ lead of its American counterpart before the eurozone The pound is down by 0.24% against the dollar on Friday, extending what has been a poor few weeks for cable. At the time of writing it is at $1.39, its lowest point in nearly seven weeks. It is […]

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The topic of Brexit made a sudden return on Wednesday in what proved to bad news for the pound. The UK and EU failed to reach a breakthrough over Northern Ireland Brexit checks, however David Frost, chief negotiator of Task Force Europe, pointed out that talks had not broken down. “This a new situation, that […]

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UK Manufacturing PMI rose sharply in March to 58.9 The pound held steady vs the dollar on Thursday, while down slightly against the euro, as traders are optimistic over its outlook. During Q1 of 2021 the pound enjoyed its strongest performance since 2015, gaining 4.8%. UK Manufacturing PMI rose sharply in March to 58.9, a […]

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Pound continues recent surge The pound rose against the euro today following the ECB’s announcement that it will step up its bond buying over the first quarter of 2021. At 1230 GMT, when the ECB made its policy announcement, GBP/EUR was at 1.1661. However, at 1500 GMT on Thursday, one British pound was worth €1.1686. […]

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Pound up to $1.404 in early trading before retreat The pound rose again today against the dollar and the euro before falling back as news of a more gradual than anticipated lifting of UK lockdown measures leaked.  Cable edged up to $1.404 before falling back slightly. This follows its move past $1.4 on Friday, its […]

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Pound above $1.39 on optimistic outlook for UK economy The pound has risen again today following news that the vaccine roll-out is surpassing expectations, in addition to a weak US dollar. For the first time since April 2018, the pound is valued at $1.39, as optimism over a global recovery lifted the FTSE 100.  The […]

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Following Boris Johnson and Ursula von der Leyen’s UK-EU trade talks on Sunday, the pound has risen nearly one and a half cents against the US dollar at $1.336 and nearly one eurocent at €1.1. As trade talks continue, there is relief that a deal could be in the progress od being made over the […]

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Following the news that the likelihood of a no-deal Brexit is a “strong possibility”, the pound was down almost 0.4% against the euro to 1.091. European Commission president Ursula von der Leyen told EU leaders on Friday: “The probability of a no deal is higher than of a deal…To be seen by Sunday whether a […]

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Sterling broke on a bad note on Thursday morning after the highly-anticipated talks between UK Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to culminate in a Brexit trade deal. Although an agreement to continue negotiating has reportedly been reached, hopes of a deal are becoming slimmer by the moment, […]

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EU-UK trade talks have resumed in an attempt to complete a post-Brexit trade deal. There are growing fears of a ‘no-deal’ Brexit by the end of the year, however, the UK government has insisted that there is “still time to reach an agreement”. Michel Barnier, the EU’s chief Brexit negotiator, said this morning: “EU-UK negotiations […]

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It feels as though we’re copy and pasting an old story. The pound sterling drops as two sides willing to negotiate and unwilling to compromise, hit another stalemate over the allocation of post Brexit fishing rights. Michel Barnier made his way to London on Friday, following news that the UK negotiating team had turned down […]

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While not moving quite as enthusiastically as they did after previous vaccine updates, Pfizer‘s latest news saw global equities nudge higher on Wednesday. Noticeably muted, though, was the FTSE. Having led the pack in recent vaccine news rallies, the index was weighed the pound rising on renewed Brexit hopes. While the Dow Jones rallied by […]

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Having been extremely sensitive to Brexit developments, the Pound Sterling remained fairly calm, even as Boris Johnson officially walked away from trade talks. The British PM walks away in a show of force that acts more as an invitation for future concessions, than a door closing on negotiations. Even with the 15th of October acting […]

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Recovering slightly from their morning losses, global equities regained some ground in the afternoon, even as the the Federal Reserve – Fed – and Bank of England – BoE – statements remained fresh in everyone’s minds. After an initially sharp fall, the Dow Jones recovered and then dipped again, down 0.41% or 115 points, to […]

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Continuing much as it began the week, the Pound Sterling continued to drop against its major counterparts, taking both the pound-to-euro and pound-to-dollar exchange rates to respective six-week lows. The exchange rate for the former now stands at a mere 1.1001, while the latter sits at 1.2941. This follows the Pound having consistently rallied against […]

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UK prime minister Boris Johnson hinted that he might renege on January’s Withdrawal Agreement, and in doing so, renewed predictions that a No-Deal Brexit would be the most likely outcome of negotiations with the EU. Also on Monday, a Europe-wide equities rally was led by a booming FTSE. The index had been somewhat spurred on […]

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The Euro has weakened on Tuesday morning, reflecting weaker sentiment in European markets following a combination of global factors and political battles. The coronavirus is still continuing to take its toll on the global economy, however the Euro has managed to tread in steady footing since the outbreak. PM Johnson will once again lock horns […]

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Sterling rallied following the resignation of Chancellor Sajid Javid, while FTSE early morning wobbles were compounded by a seismic cabinet reshuffle. The assumption now, it would appear, is that incoming Chancellor Rishi Sunak will be bullied into big spending in next month’s budget, by Boris Johnson and crony Dominic Cummings. Among a growing list of […]

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The Bank of England top brass voted without unanimity to hold interest rates, in what will likely be Mark Carney’s last roll of the dice before handing over the reigns to his successor, Andrew Bailey. Despite what appeared to be mounting pressure to cut rates to support the UK economy through Brexit, today’s news reflects […]

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I can already picture the excited hand gestures from POTUS Donald Trump as he lauds the Dow Jones success story on Thursday. The index hit 29,200 points, beating the record set the day before and exceeding the 29,100 projection set by analysts before trading began. This followed yesterday’s completion of phase one of the US-China […]

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Following a protracted session of posturing and taunts, the ‘phase one’ of the US-China trade deal was signed on Wednesday. This was met with a measured reaction from most, except the Dow Jones, which hit 29,000 points for the first time in its history. Despite the giddiness of this news having already been priced into […]

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The time is 12:30 on Thursday the 12th of December. I tell my colleague to bet on cable, shorting the pound until 20:00 – election day is always jittery. The time comes to 21:50, moments before the exit poll. I tell him to back Sterling with everything he’s got, he doesn’t, and minutes later I […]

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With the general election little more than two weeks away, the general public and market indices alike wait with baited breath. What is on offer are two starkly different visions for the future of the UK, with both equally likely to intensify existing divisions. Today, however, the pound showed the market’s preference, as it dipped […]

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Following the Dow Jones hitting its all-time high on Monday, indices saw trade War optimism run out of steam on Tuesday. European markets began in a fairly unenthusiastic manner, with tensions not yet resolved and today’s UK services PMI. Commenting on the market’s opening movements and trade war tensions, Spreadex Financial Analyst Connor Campbell stated, […]

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Doing little more than soothing uneasiness, last night’s Fed rate cuts was less of a tidal wave and more of a tide-over. J. Powell has already opposed what he views as overly exuberant accommodation, but the latest cut did enough to satisfy indices on Thursday. Phase one of tariff tension resolution will soon be underway, […]

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It was a somewhat flat day for British performance indices. That isn’t to say that nothing happened, rather that performance indicators failed to deliver any kind of groundbreaking revelations one way or the other. BP posted a dismal set of results for the last quarter, which saw the day’s trading get off to a lulling […]

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Following a busy day in British politics on Monday, cable started somewhat gingerly on Tuesday. Any Brexit suspension high was ended as the Pound was left a bit dazed by some uninspiring market performance indicators, and renewed General Election chatter. While by no means a disastrous start to the day, there is no doubt the […]

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The Pound Sterling gave up its resolute opening as the political regular suspects locked horns once again. After a strong start, Sterling got another dose of Sajid Javid’s lamented Brexit uncertainty, as prime minister Boris Johnson threatened to pull the Withdrawal Agreement Bill, and force Parliament into election mode in the run-up to the festive […]

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If you can’t wait to hear the end of Brexit, then we’re in the same boat. Today’s deal proposal was as close as I think we’ve gotten to a largely amicable solution, and one where most parties have been able to agree to a compromise. That being said, it is widely expected that Parliament will […]

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Chief EU negotiator Michel Barnier has said that a Brexit deal could still be reached between the EU and the UK. He said that the proposals currently on offer were not good enough, but that he was ready for Boris Johnson’s good intentions to turn into a legal document before the EU summit, which begins […]

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The UK economy (GDP) dipped by 0.1% during August, following a downturn in manufacturing and production activity, and a 0.3% hike in July, which was led by the service sector and irregularly high output from the TV and film sector (which was factored into manufacturing). Despite this month’s drop, the UK economy looks set to […]

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Moving gingerly rather than negatively, the pound Sterling and FTSE were both full of anticipation after the first bell. They both held off on their regular market-opening movements and awaited the outcome of both the August monthly GDP readings and the talks between Boris Johnson and Leo Varadkar. July revealed a surprisingly positive story for […]

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As the week drew to a close, the populist double-threat both welcomed a weekend of respite following their blunders. On one side of the Atlantic, Donald Trump insisted his innocence, before being incriminated, and responded with yet another hollow promise of trade war progress. A promise which the European indices gladly lapped up and the […]

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On the back of general election jitters, the Pound Sterling maintained its plateau. This, along with yet more empty words on the trade war situation from Donald Trump, saw the FTSE claim the top spot in Thursday’s winners’ circle. Despite being quoted by the NYT as having lied over 10,000 times during his tenure, markets […]

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Following the rousing baritone notes of MP Geoffrey Cox, the Pound Sterling halted its post-Supreme Court verdict rally, with the Conservatives making an increasingly concerted effort to pressure the Labour Party into agreeing to a general election. After the release of his phone call transcript, Donald Trump’s infamous tangerine smirk could hardly be contained as […]

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The Pound Sterling rallied to four month highs against the Euro, following the Supreme Court’s verdict, which deemed Boris Johnson’s prorogation of Parliament not only illegal but null and void. Speaking on the day’s movements following the verdict, Spreadex Financial Analyst Connor Campbell commented, “Celebrating Boris Johnson’s latest defeat – his short premiership has so […]

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After weeks of the Pound Sterling and FTSE taking turns grabbing gloomy headlines, this week has been a refreshing change of tune. Lead by encouraging economic performance, ECB stimulus and Benn’s bill, Sterling enjoyed a largely positive week and the FTSE floated higher above its 7200 benchmark. Both British performance indices ended the week with […]

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With the week proving as challenging as string-puller Dominic Cummings could have feared, the puppeteer can only look on as his advisee, Boris Johnson, faces the slightly less toothless offerings of the opposition benches. No doubt far from defeated, this week’s motions in the House against a No-Deal Brexit have if nothing else soothed market […]

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This week the House of Commons looks set to give us a crescendo before it takes its involuntary recess. The vote on further delaying Brexit will effectively push the UK into one of two scenarios; a nigh-on guarantee of a No-Deal trajectory (excluding the possibility the EU blinks and offers concessions), or Boris Johnson removing […]

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After struggling to keep pace during morning trading, the FTSE and pound both trundled along in much the same manner in afternoon trading. The pound avoided remained flat and avoided emulating the erratic movement of its counterparts, narrowly dodging the decade-low benchmark. Meanwhile, more analysts joined the recession fanfare with the Sino-US back-and-forth appearing no […]

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After an exciting – if not positive – start to last week, the tale of the tape for markets on Monday appears decidedly more dull. With little on the calendar and the FTSE predictably lagging behind mainland European indices, onlookers will be holding their breathe for the next tweet from Trump and the anticipated announcement […]

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With suggestions of a potential resistance being mounted against Boris Johnson’s likely no-deal Brexit trajectory, Sterling gained slightly yesterday morning. Unfortunately, this gain perhaps dampened FTSE prospects of joining in yesterday’s rally (until later in the afternoon), at least to the same extent as other European indices. Speaking on market opening movements and his predictions […]

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After falling 2.78% against the Euro and 2.63% against the Dollar in the past week, the Pound appears likely to continue its slide with persisting political uncertainty between the UK and EU, as well as domestically in the UK. Despite rising slightly today, any rally is likely fleeting; with Sterling dropping to a two-year low […]

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