By Lauren Buckner
GBP bounced across most major currencies yesterday afternoon following comments by BofE member Vieleghe who suggested that an early interest hike by the Bank of England is possible if we see a smooth transition from furlough and a resulting economic flurry. Looking forward to as soon as Q2 2022 Vieghle’s optimism…
By Ashley Finill
We are at the mid-point of the trading week and thus far we have seen Sterling fall over a cent on the Euro already. Although the UK has posted some positive economic figures as of late, it has not aided in providing the pound with a push…
By Simon Eastman
Last week saw Sterling attempt to make gains, driving on from the UK reaching the next stage out of lockdown.
We also saw some better than expected data releases for the UK, with GDP and retail sales both outstripping the expected forecasts. Unfortunately the pound couldn’t build on the gains from early in the week and tailed off although Friday finished up on the day.
By Grace Smyth
GBP-EUR and GBP-USD have been trading tightly within a 1 cent range this past week. Not offering much in the way of any exciting movements to cause a stir. Making it difficult for those looking to catch the rate at its best.
By Luke Dyson
What a positive start to the week, May the 17th another key corona virus date being hit, which was set in place to slowly reverse the restrictions of the current lock down. With businesses beginning to open and travel restrictions beginning to lift the overall census of the UK is an optimistic one.
By Matthew Boyle
Last week saw the best week for the Pound since February of this year with it gaining around a cent against the EUR and 1.5 cents against the USD.
First quarter GDP showed the UK economy had shrunk much less than expected during the third lockdown…