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Thu 28 Jan 2021 02:51GMT

Usa News

Latest 10 news items tagged Usa

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....
Markets Jittery as Investors Continue to Avoid Taking Risks Published: 19 Jan at 5 PM 2021
Pound Sterling (GBP) Pound movement has been mixed this week so far. While Sterling’s outlook is gradually improving on coronavirus recovery hopes, none of this week’s news has been optimistic enough to give the Pound the leg-up it needs to rally. UK inflation rate data from December will be published tomorrow. It is unlikely to influence the Pound though, and Sterling movement will remain more focused on UK coronavirus developments. Euro (EUR) The Euro was one of today’s more appealing major currencies. ZEW’s...
Pound (GBP) Rises After the Bank of England Eased Negative Interest Rate Fears Published: 12 Jan at 5 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) rose today after the Bank of England (BoE) Governor, Andrew Bailey, quelled speculation of negative interest rates by saying there would be ‘a lot of issues with it’. Andrew Bailey commented: ‘In simple economics and maths terms, there is nothing to stop it at all. However, there are a lot of issues with it.’ Meanwhile, today saw the release of the latest BRC retail sales report, which revealed that 2020 had been the worst for the sector in 25-years. However, GBP...
Investors Hesitant to Make Big Moves as Markets Digest Day of US Political Chaos Published: 7 Jan at 4 PM 2021
Pound Sterling (GBP) Sterling attempted recovery against many major currencies today. As markets digested Britain’s coronavirus situation, investors were willing to buy the British currency back from its cheapest levels despite disappointing UK PMIs. Amid a lack of notable UK data due in the coming sessions, Pound movement is likely to be driven more by domestic coronavirus developments in the coming sessions. Euro (EUR) The Euro continues to be largely driven by movement in rival currencies like the Pound and US...
Rising Oil Prices Keep Pound to Canadian Dollar Exchange Rate Pressured Published: 5 Jan at 5 PM 2021
The British Pound to Canadian Dollar (GBP/CAD) exchange rate has been trending lower since markets opened this week. As Britain’s coronavirus situation worsens, the Pound has been shedding appeal. The Canadian Dollar has been able to capitalise on Pound weakness thanks to higher oil prices. This is because the Canadian Dollar is often correlated to risk and commodity sentiment, especially oil prices as oil is Canada’s biggest export. Since opening this week at the level of 1.7413, GBP/CAD has been trending with a downside bias...
Pound (GBP) Struggles as New UK Lockdown Restrictions are Imminent Published: 4 Jan at 5 PM 2021
<h3>Pound (GBP) </h3> The Pound (GBP) struggled today following the news that the UK Prime Minister, Boris Johnson, would be announcing further updates on Covid-19 restrictions. With Scotland already set to enter a full national lockdown, GBP investors are concerned that England could soon follow. As a result, UK markets are becoming worried about the nation’s economic situation, which could suffer throughout January if the nation enters stricter restrictions. Today also saw the release of the UK’s latest...
Pound (GBP) Rises After UK Regulator Approves New Covid-19 Vaccine Published: 30 Dec at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) rose today following the announcement that key UK regulator had approved the Oxford AstraZeneca Covid-19 vaccine. As a result, Sterling investors are confident that the new vaccine, which requires a normal form of refrigeration and is easier to transport, could provide a lifeline for the British economy in coming weeks. British Health Secretary, Matt Hancock, said that the new vaccine also promises a ‘route out’ of the Covid-19 crisis. Meanwhile, GBP investors are growing...
Pound (GBP) Steadies as Hopes Grow Over Brexit Deal Published: 15 Dec at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) stabilised today as Brexit uncertainty has been tempered by the EU’s Chief Negotiator, Michel Barnier, who said that a Brexit deal could occur in just a matter of days. This follows a significant concession from Prime Minister Boris Johnson on several key clauses which had previously impeded progress in UK-EU- talks. As a result, GBP investors are now more hopeful that the two sides could compromise and agree on a post-Brexit trade agreement. In UK economic data, today saw the...

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