UK Economy

The British Pound rallied on Monday as traders’ mood turned riskier. Consequently, the U.S. dollar and other safe-haven currencies declined, while antipodean ones soared. The Sterling got additional support from bets of a faster economic rebound due to broader COVID-19 vaccinations. The Pound surged forward by 0.4% to $1.3972 during today’s session. Investors seem positive that …

British pound hit a new high. What about euro and dollar? Read More »

On December 24, the British pound increased. Expectations of the approaching a long-elusive Brexit deal has boosted optimism the United Kingdom can avoid a turbulent economic break on New Year’s Day. Expectations for an agreement that would protect some $1 trillion in annual cross-channel trade from tariffs and quotas weakened demand for the safest assets. …

The British pound increased by 0.2% to $1.3525 Read More »

On December 21, the British pound fell against the dollar and euro. Subsequently, the U.K. government announced new restrictions to curb a fast-spreading strain of the COVID-19. France, Germany, and others cut transport ties with Britain. The Sterling fell nearly 2% against the dollar to below $1.33. Against the euro, it saw a decline of 1%. …

The sterling fell against the dollar and euro Read More »

Demand for the safest assets decreased amid progress toward agreeing on U.S. fiscal stimulus and optimism for a Brexit deal. Hence, on Tuesday, the U.S. dollar traded close to its two and a half year lows against major currencies. The dollar was near its weakest since mid-2018 versus the euro and sterling. Besides, U.S. lawmakers scurrying to …

The dollar traded close to the 2.5-year low, while the sterling rose Read More »

On December 4, the U.S. dollar was headed for its worst week in a month after plumbing a two and a half year low. According to investors, the dollar will decline further, and that the worst of the coronavirus pandemic could be over within months. Significantly, the positive vaccine news has supported lift a rally …

The dollar declined, euro and sterling rose Read More »

On Friday, the U.S. dollar stopped its fall after U.S. Treasury Secretary Steven Mnuchin called an end to some of the FED’s pandemic leading, causing a risk rally and surprising investors who had counted on central bank support. Significantly, the announcement diminished a previously positive mood after reported that U.S. Senate Republican and Democrat leaders …

Daily forex news: dollar, euro, sterling Read More »