US dollar ‘structural downtrend’ set to benefit pound says UBS May 7, 2025 UBS has said investors should expect strengthening of the pound against the US dollar over the next year as fears grow over the American currency’s “fragility.” The pound has surged almost 10 per cent against the US dollar since its recent low in mid-January, now sitting at $1.33. However, UBS analysts expect the surge to continue towards [...]
Pound on best run since 1971 as FTSE 100 claws back gains April 22, 2025 The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against [...]
US dollar weakens as de-dollarisation becomes ‘real, and frankly scary, prospect’ April 14, 2025 The dollar has fallen 0.7 per cent today, marking its fifth straight day of decline, as markets continue to reassess the currency’s position in the global economy. The DXY index, which tracks the dollar’s value against a basket of currencies, dropped to its lowest in three years in trading today. The dollar index has now fallen [...]
Pound tops $1.30 for first time since Trump’s election win March 18, 2025 The pound has traded above $1.30 for the first time since president Donald Trump’s November election win, as a falling dollar caused by trade war fears has proved a boon for sterling. Sterling has climbed 2.7 per cent over the last month and 6.5 per cent since its January low, reaching a fourth-month high of [...]
The four factors set to raise inflation this year March 7, 2025 Inflation will briefly hit 3.6 per cent this year and “remain well above” the Bank of England’s target until late 2026, according to Oxford Economics. In a report led by UK economist Edward Allenby outlined the four key drivers of inflation in the upcoming year. Changes in the Budget Allenby highlighted the VAT slapped onto [...]
Pound sterling sinks and gilt yields rise after US jobs report January 10, 2025 The pound plummeted against the dollar while gilt yields came under further pressure after new figures revealed the continued strength of the US economy. According to the latest report on the US labour market, the world’s largest economy added 256,000 roles in December, accelerating from November and well ahead of economists expectations. Unemployment, meanwhile, unexpectedly [...]
Pound endures week of misery amid gilt sell-off January 10, 2025 The pound came in as the worst-performing G10 currency for a second day running yesterday, as the gilt market continues to trade at decade-long highs. After spiking as high as $1.255 on Tuesday, the pound has since fallen to $1.229, its lowest point since October 2023. “What makes the current situation particularly noteworthy is that [...]
Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’ January 9, 2025 Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets remain under pressure. The pound fell below $1.23 against the dollar in early trade and is currently down 0.7 per cent against the dollar and 0.6 per cent against the euro. Meanwhile, the domestically [...]
Pound sterling slumps to $1.24 in the face of dominant dollar January 2, 2025 Sterling's sell-off was accentuated by data out from the US, which showed a smaller increase in the number of jobless claimants than had been anticipated.
Investment bosses back UK stocks in 2025 and fret over Trump December 31, 2024 The chief investment officers of some of the UK’s largest asset managers have said they expect UK stocks to outperform global equities in 2025. However, they’ve also warned that trade wars represent the biggest threat to investors in 2025, as US President Donald Trump’s election threatens to heighten global supply chain issues. According to data from [...]