June 2, 2020 7:20 am
Sterling advanced for a second straight day on Tuesday, pushing EUR/GBP down to lows not seen since mid-May, as support was drawn from investor confidence over economic recovery after Britain eased certain lockdown restrictions and the latest PMI data from the UK met market expectations. A report by IHS Markit/CIPS on Monday showed that activity […]
Read moreJune 1, 2020 12:13 pm
GBP/USD remained in proximity to fresh three-week highs during late European trade on Monday, as the US Dollar was mostly weaker against its major peers while Britain eased certain lockdown restriction-related measures. New rules, which came into effect on June 1st and are not valid for Wales, Scotland and Northern Ireland, allow groups of up […]
Read moreJune 1, 2020 7:01 am
Following three successive weeks of losses against the single currency, Sterling began the new week on a stronger footing, distancing further from Friday’s two-month lows, as Britain emerges from lockdown. From June 1st residents in England will be able to meet outdoors in groups of up to six, while people who are not from the […]
Read moreMay 29, 2020 11:45 am
GBP/USD maintained ground above the 1.2300 mark during late European trade on Friday, mostly on weaker US Dollar, while risks such as Brexit uncertainty, rising debt, sluggish recovery and negative interest rates continued to weigh on Sterling, restraining the upside. “The medium-term outlook remains negative for sterling as the no-deal Brexit anxieties will likely curb […]
Read moreMay 29, 2020 6:40 am
EUR/GBP remained in proximity to fresh one-week highs during early European trade on Friday, after a report by the Federal Statistical Office showed German retail sales had dropped at a slower-than-expected rate in April. Retail sales decreased at a monthly rate of 5.3% in April, while the median analyst estimate had pointed to a 12.0% […]
Read moreMay 28, 2020 12:00 pm
GBP/USD edged lower for a second straight day on Thursday, while trading not far from yesterday’s closing level (1.2260), after reports emerged that Brexit negotiations were at a fundamental impasse. Additionally, the Pound was still pushed down by speculation over negative interest rates. A report by the Times newspaper earlier on Thursday stated that UK […]
Read moreMay 28, 2020 6:55 am
EUR/GBP remained in a tight range close to yesterday’s one-week high (0.8994) during early European trade on Thursday, as the single currency was still supported after the announcement of a massive EU economic recovery package. “The Commission is today proposing a new recovery instrument, called Next Generation EU, within a revamped long-term EU budget. In […]
Read moreMay 27, 2020 12:31 pm
GBP/USD retreated from two-week highs overnight and remained in the red during late European trade on Wednesday, as the US Dollar strengthened and market players refocused on probability of negative interest rates in the United Kingdom. In a statement during a CBI webinar on Tuesday, Bank of England Chief Economist Andy Haldane played down the […]
Read moreMay 27, 2020 6:51 am
EUR/GBP slid for a third straight day on Wednesday, trading in proximity to intraday lows during the early phase of the European session, as market players awaited the European Commission’s detailed proposal for an economic recovery fund later in the day. Last week Germany and France proposed a EUR 500 billion Recovery Fund, which may […]
Read moreMay 26, 2020 11:34 am
GBP/USD extended gains and touched a fresh two-week high during the late phase of the European session, as the US Dollar lost ground amid rising investor optimism regarding economic recovery and after UK Prime Minister Boris Johnson announced plans of a wide-scale reopening of department stores and shopping centres in June. During a Monday news […]
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