Bank of England Supports Sterling Strength.

Bank of England Supports Sterling Strength.

Over the last week, we saw Sterling exchange rates rise above 1.17 against the Euro before closing the week at a level of 1.1650. Sterling has remained slightly weaker against the U.S Dollar as investors have flocked to the Dollar for safety recently given more...
GBPEUR settles at 1.17 prior to UK reopening.

GBPEUR settles at 1.17 prior to UK reopening.

Sterling to Euro exchange rates have settled in a positive area over the last week with prices staying in the 1.16-1.17 area- and we have finally seen a slight reversal in Dollar strength as of Friday which has brought prices up from 1.37-1.39. The UK saw a...
Pound Sterling Exchange Rates Week Ahead

Pound Sterling Exchange Rates Week Ahead

We saw GBP exchange rates soften after a strong run up to the Bank of England interest rate decision on Thursday, the reason for the sell off was more of a “Buy the rumour, sell the news” event as no shift in monetary policy was expected- and it seems...
Dollar emerges as King following Fed meeting.

Dollar emerges as King following Fed meeting.

It was another volatile week following the Fed meeting in the U.S- when Jerome Powell signaled to the market that talks of tapering QE may begin later this year (Expectation is Jackson Hole in August)- which has begun to set fears into the market. We saw the Dollar...
Pound Sterling Exchange Rates Week Ahead

What’s next for Sterling exchange rates?

It has been yet another eventful month- with Sterling managing to creep back up against most major currencies- ending the month at 1.42 against the U.S Dollar and above 1.16 against the Euro. The slightly higher monthly close is owed to low liquidity on the markets on...
Bank of England Supports Sterling Strength.

Sterling exchange rates stable going into May.

It has been quite an interesting month as far as FX movement is concerned on G10 pairs- from the beginning of April to the end GBPEUR has traded as low as 1.1460 and as high as 1.1784 and GBPUSD has traded as low as 1.3677 and as high as 1.40 (Momentarily). The theme...
Sterling recovery next on the cards.

Sterling recovery next on the cards.

Over the last few weeks we have seen Sterling exchange rates begin to fall predominantly against the Euro and Dollar as we have seen strength and progress in Europe and the USA’s vaccination programmes- the good news is it seems we will begin to see recovery...