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Wed 3 Mar 2021 18:00GMT

Dollar News

Latest 10 news items tagged Dollar

Pound (GBP) Rises as UK Reveals 2021 Budget Published: 3 Mar at 4 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today following Chancellor Rishi Sunak’s announcement of the 2021 Budget. Sunak confirmed the extension of the furlough scheme until September. Today also saw news that the Office for Budget Responsibility (OBR) now expects the UK economy to grow by 4% this year owing to a ‘swifter and more sustained recovery’ than expected in November last year. Consequently, GBP investors have become more confident about the UK economy going forward. In UK economic data, today saw the...
Pound (GBP) Rises as Outlook for UK Economy Improves Following Lockdown Exit Plan Published: 24 Feb at 12 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today as confidence in the UK economy continues to grow following Prime Minister Boris Johnson’s outline of a lockdown exit strategy earlier this week. As a result, GBP investors are now more optimistic than before that the nation could be one of the first countries to recover its economy once lockdown restrictions are eased. Michael Hewson, an analyst at CMC Markets, explains: ‘The Pound has continued its advance to multiyear highs against the US dollar, as markets take the...
Euro Struggles Despite 'Light at the End of the Tunnel' for Eurozone Economy Published: 17 Feb at 2 PM 2021
<h2>Pound (GBP) </h2> The Pound continued to rise today owing to growing confidence in the UK’s Covid-19 vaccination programme. Last week saw the UK hit a 15-million milestone in vaccinations, buoying the outlook for the nation’s economy as Downing Street considers the next steps towards easing lockdowns. Prime Minister Boris Johnson however commented that lockdown would be eased in stages, with great caution and with a view to being irreversible. Covid-19 case rates have also dropped to their lowest levels since...
Pound Rises Despite UK Retail Sales Hitting Their Lowest Levels Since May Published: 9 Feb at 4 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today as 18.4% of the UK population have received at least one dose of the Covid-19 vaccine. As a result, UK markets are more optimistic that mass vaccination could help the nation’s economy recover in the months ahead. However, today saw the publication of the latest UK BRC Retail Sales data for January, which rose by 7.1%. Helen Dickinson, the Chief Executive at the BRC, said: ‘January saw retail sales growth decline to its lowest level since May of last year. The current...
Euro to US Dollar (EUR/USD) Exchange Rate Hits 2-Month-Worst as USD Rally Continues Published: 3 Feb at 5 PM 2021
The Euro to US Dollar (EUR/USD) exchange rate has been tumbling since markets opened this week. Investors continue to become more anxious about the Eurozone outlook as the bloc’s coronavirus situation remains gloomy, while the US Dollar benefits from Euro weakness and stronger than expected US data. After opening last week at the level of 1.2171, EUR/USD spent the week trending with a downside bias. The pair ultimately shed almost half a cent, and closed the week at the level of 1.2137. While EUR/USD held above last week’s...
Sterling Slips as Markets Await Wednesday’s Key Services PMI Reports Published: 2 Feb at 5 PM 2021
Pound Sterling (GBP) The Pound saw mixed movement today. While Sterling initially continued to benefit from UK coronavirus vaccine hopes, the British currency ultimately weakened again as markets anticipated tomorrow’s UK services PMI report. Tomorrow will see the publication of some of this week’s key UK services PMI data from January. Weaker than expected services data would weigh on the UK economic outlook and potentially cause the Pound to shed some of its recent strength. Euro (EUR) While today’s Eurozone...
Markets Avoid Risk as Coronavirus Uncertainties Hit Global Sentiment Again Published: 28 Jan at 5 PM 2021
Pound Sterling (GBP) The Pound touched on new highs today, even as investors headed towards safer assets. Unlike other major risk-correlated currencies, the Pound continues to benefit from coronavirus vaccine hopes as Britain’s vaccine programmes are further along than those of other major economies. Still, the Pound’s gains have been broadly volatile. If evidence of Britain’s economy struggling from the coronavirus pandemic worsens, uncertainty may outweigh vaccine hopes and finally drag the Pound lower. Euro (EUR)...
Market Uncertainty Over Coronavirus Vaccines Lead to Currency Volatility and Mixed Movement Published: 26 Jan at 5 PM 2021
Pound Sterling (GBP) The Pound benefitted from recovering market sentiment today. Some uncertainty about coronavirus vaccine shipments has softened, and this combined with stronger than expected UK job market data helped the Pound to advance against rivals. There is no more notable UK data due for publication this week. As a result, the Pound will continue to be driven by risk-sentiment and developments in Britain’s coronavirus situation. Euro (EUR) While today’s German industrial sentiment data was optimistic, it...
Canadian Dollar Rises as Oil Prices Increase Published: 25 Jan at 5 PM 2021
<h2>Pound (GBP) </h2> The Pound was subdued today despite news that Prime Minister Boris Johnson would be ‘looking at the potential of relaxing some lockdown measures’ in February. Despite these comments buoying confidence in the UK economy opening – albeit it in cautious stages – next month, GBP investors have remained overall jittery. Matt Hancock, the UK’s Health Secretary, also said over the weekend that the nation was a long way off easing the nationwide lockdown. As a result, Sterling has remained...
Pound (GBP) Rises as Covid-19 Vaccines Buoy UK Market Mood Published: 21 Jan at 5 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today as the UK’s Covid-19 vaccination programme has buoyed hopes for the UK economy’s recovery in the months ahead. Matt Hancock, the British Health Secretary, also announced that the UK is now engaged in vaccinating 200 people every minute. As a result, GBP investors are becoming increasingly confident that the UK could begin to ease its lockdown by April. However, Prime Minister Boris Johnson has since failed to rule out that UK lockdowns could be in place until summer....

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