SendMoney.org.uk

Compare exchange rates, send money abroad and online

Fri 10 Jul 2020 03:21GMT

Pound Sterling News

Latest 10 news items tagged Pound Sterling

Strong US Non-Farm Payroll Reports Bolsters Market’s Appetite for Risk Published: 2 Jul at 5 PM 2020
Pound Sterling (GBP) The Pound held its ground today after advancing yesterday. Speculation that there could be Brexit developments in the coming weeks, as well as higher market appeal for taking risks, is helping the Pound to hold its advances. Britain’s final June services and composite PMIs will be published tomorrow. Even if the data beats forecasts though, Sterling’s appeal could be limited by coronavirus jitters looming over the outlook. Euro (EUR) The Euro continues to see fairly resilient movement...
US Dollar (USD) Under Pressure as American Covid-19 Cases Rise Published: 29 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) suffered today after the UK’s Mortgage Approvals figures for May fell to record lows. As a result, GBP investors have becoming increasingly concerned for Britain’s economic recovery going forward. Today also saw Downing Street drop hints that it could be aiming for September to wrap up its post-Brexit negotiations with the European Union. Consequently, this has sparked fears that the UK could be heading for a no-deal Brexit in December. <h3>Euro (EUR)</h3> The Euro...
Canadian Dollar (CAD) Benefits as BoC Effectively Rules Out Negative Interest Rates Published: 22 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher against many of its peers today after it was reported that Prime Minister Boris Johnson would more-than-likely ease social distancing guidelines on Tuesday. As a result, Sterling has benefited from growing hopes for its economy, with relaxed guidelines likely to improve the economy’s performance in the months ahead. However, today saw the UK’s factory orders fall to record lows, which has left some GBP investors increasingly jittery about the nation’s industrial...
The Pound (GBP) Suffers as Bank of England Ramps Up Stimulus Measures Published: 18 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) fell against most major currencies today after the Bank of England (BoE) announced a further £100 billion addition to its quantitative easing programme. As a result, this left many investors feeling concerned for Britain’s economic recovery. The BoE was also downbeat in its statement: ‘There is a risk of higher and more persistent unemployment in the United Kingdom. Even with the relaxation of some Covid-related restrictions on economic activity, a degree of precautionary...
Pound (GBP) Struggles as UK Inflation Drops to Four-Year Lows Published: 17 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) suffered today after the UK’s inflation figures fell to a four-year low of 0.5% today. As a result, this left many Sterling traders concerned for the British economy’s ability to recover in the month’s ahead. Meanwhile, doubts have begun to grow over Brexit after German government documents, dated mid-June, revealed that there had been warnings to the European Union to prepare for a UK-EU no-deal Brexit. However, the document also stated: ‘The situation is less serious...
Pound (GBP) Rises as Non-Essential Shops Reopen Throughout the UK Published: 15 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher against its peers today as non-essential UK shops reopened for the first time since the beginning of Britain’s nationwide Covid-19 lockdown. As a result, Sterling traders have become more optimistic about the nation’s economic recovery. GBP has also benefited from hints form the Government that it could scrap or alter its 2-metre distancing guideline. This follows comments from Prime Minister Boris Johnson, who suggested that the UK now had more room to ‘manoeuvre’...
Gloomy Federal Reserve Shocks Global Market’s Coronavirus Optimism Published: 11 Jun at 3 PM 2020
Pound Sterling (GBP) The Pound continued to see mixed movement across the board today. While the British currency gained against falling risk-correlated currencies, it fell against safer currencies which became more appealing after gloomy forecasts from the Federal Reserve. Market concerns over Britain’s handling of the coronavirus, as well as returning Brexit fears, are likely to cap the Pound’s potential to benefit from this movement. Tomorrow’s key UK growth and trade data could boost Pound support if they impress...
US Dollar (USD) Rises as US Employment Data Improves in May Published: 5 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) suffered today following Thursday evening’s release of the UK GfK Consumer Confidence report, which fell to 10-year lows at -36. Joe Staton, GfK's client strategy director, commented on the report: ‘Against a backdrop of falling house prices, soaring jobless claims, and with no sign of a rapid V-shaped bounce-back on the cards, consumers remain pessimistic about the state of their finances and the wider economic picture for the year to come.’ Today also saw the release of...
US-China Trade Tensions Weigh on Australian Dollar Published: 29 May at 4 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled today after the Bank of England’s (BoE) policymaker, Michael Saunders, said that the ‘searing experience’ of the coronavirus pandemic would leave its mark on the British economy long after the lockdown was lifted. Mr Saunders commented: ‘If unchecked, there are risks of a vicious circle, whereby the economy gets stuck in a self-feeding loop of weak activity, pessimistic expectations and low investment.’ As a result, Sterling has suffered today from rising...
Euro Struggles as ECB Says Eurozone Economy Could Shrink by 12% This Year Published: 28 May at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) performed well against the Euro (EUR) and US Dollar (USD) after Downing Street announced its defence of Prime Minister Boris Johnson’s chief aide, Dominic Cummings, who broke lockdown regulations in April. As a result, Sterling reacted positively to an effective settling of the political controversy. Meanwhile, the Office for National Statistics (ONS) also announced that 24% of businesses currently on pause would restart next month. With growing hopes for the British economy, the...

Live Exchange Rates