Sterling nudges lower as Boris moves to confirm 19 July unlocking Sterling nudged lower on Monday as the Prime Minister Boris Johnson moved to confirm plans to remove nearly all remaining COVID-19 restrictions in England from 19 July, despite cases currently at their highest since the end of January. Sterling fell 0.4 per cent to $1.385 against the dollar this morning, after jumping to above $1.39 [...]
Pound dips below $1.39 on mounting concerns over Delta variant Markets: Pound dips below $1.39 Pound sterling dipped below $1.39 today as concerns about the Delta variant of coronavirus gather momentum. The pound was down 0.26 per cent against the greenback to buy $1.38 this afternoon. The fall suggests investors are concerned that the rapid spread of the Delta variant of coronavirus first identified in India could impact the UK’s [...]
Pound retreats after hitting three-year high amid variant concerns Pound retreats after hitting three-year high amid variant concerns The pound retreated this morning after reaching a fresh three-year high versus the dollar amid economic recovery hopes. Well into the London session after the bank holiday weekend, sterling reversed its course to fall 0.2 per cent to $1.4183. The pound edged lower as concerns over a new coronavirus strain outweighed increasing investor optimism on [...]
Pound pushes past $1.42 on economic recovery hopes May 21, 2021 The pound pushed higher today and was on track for its third consecutive week of gains against the dollar after upbeat economic data lifted hopes for the UK’s post-pandemic recovery. New figures released this morning showed UK business activity expanded at its fastest rate since 1998 in May as the lifting of lockdown restrictions boosted [...]
Sterling holds ground as Britain navigates its way out of lockdown May 17, 2021 Sterling held on to recent gains against the dollar today as Britain lifted several lockdown restrictions and took a big step towards reopening its economy. The pound has gained against the dollar for two weeks straight and consolidated near the $1.41 mark this morning. Cafes, bars and restaurants will reopen for indoor service today and [...]
Sterling tops $1.41 for first time in more than two months May 10, 2021 The pound climbed higher than $1.41 today for the first time in more than two months. Sterling was buoyed by economic optimism, a weaker dollar and market relief that a Scottish independence referendum looks unlikely in the near-term. Pro-independence parties won a majority in Scotland’s parliament on Saturday, paving the way for a political battle [...]
Sterling slips against US dollar as cautious investors await BoE meeting April 30, 2021 The pound stumbled against the dollar today as traders remained cautious ahead of the Bank of England’s policy meeting next week. Sterling was down 0.2 per cent at $1.392, while holding its ground versus the euro. It brings yesterday’s nine-day high to an end, which followed a slump in the dollar after the Fed waved [...]
Sterling rises to highest levels for a month April 19, 2021 The pound rose to its highest levels against the dollar for a month as the UK’s recovery from the Covid-19 downturn continues. Sterling was up 1.1 per cent at $1.39 as of 9:00pm, the highest it has traded against the greenback since mid-March. Against the Euro, it was 0.7 per cent higher at €0.86. The [...]
Sterling steadies after strongest quarter against the euro since 2015 April 1, 2021 The pound was little changed against the dollar on Thursday and a touch lower against the euro, but traders remained optimistic about its longer-term prospects. Sterling had its strongest quarter against the euro since 2015 in the first three months of the year, gaining around 4.8 per cent. UK manufacturing activity grew sharply in March [...]
Sterling tumbles as bond yields climb again March 12, 2021 Sterling fell as much as 0.8 per cent against the dollar today as a fresh sell-off of US Treasury bonds pushed yields higher today. After trading above $1.40 overnight, cable dropped back today, and is now sitting just below $1.39. Despite the tumble, the pound is still set for a week of solid gains against [...]