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Fri 16 Apr 2021 19:27GMT

Usa News

Latest 10 news items tagged Usa

US Dollar (USD) Tumbles as Risk Sentiment Improves Ahead of Fed Speech Published: 14 Apr at 3 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) exchange rate has weakened this week following the announcement that the Bank of England’s Chief Economist, Andy Haldane, would be leaving the bank next month. As a result, the Pound (GBP) suffered from concerns that because one of the bank’s more hawkish members is leaving, that the BoE could take a more dovish stance in the months and years ahead. In the absence of influential UK economic data today, GBP investors are instead monitoring the UK’s Covid-19 situation. Any...
Pound (GBP) Suffers as UK Services PMI is Revised Down for March Published: 7 Apr at 3 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) fell against the Euro (EUR) and the US Dollar (USD) today following the release of the latest UK Services PMI, which was revised down to 56.3. However, the UK’s business activity has picked up, with the latest PMI signaling rebound last month. Howard Archer, the Chief Economic Advisor to EY Item Club, commented on the report: ‘Encouraging news on UK economy as purchasing managers reported services activity improved markedly in March to return to clear growth despite...
Pound (GBP) Rises as UK GDP is Revised Up for Last Quarter of 2020 Published: 31 Mar at 3 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) rose today after the latest UK GDP report for the fourth-quarter of 2021 was revised up. However, this was not enough to fully bolster confidence in the UK economy, as the figure had only been slightly revised up to 1.3% from the record slump of 1%. Today also saw UK House Prices dip by 0.2% in March, leaving some GBP investors more cautious about the outlook for the nation’s economy. Robert Gardner, Nationwide’s Chief Economist, commented on the data: ‘Given that the...
Pound (GBP) Struggles Despite UK Business Activity Soaring to a 7-Month High Published: 24 Mar at 12 PM 2021
<h2>Pound (GBP) Sinks Despite Covid-19 Vaccine Optimism Buoying Markets</h2> The Pound (GBP) fell against many of its competitors today despite UK business activity growing at its fastest rate since August. Today’s flash March PMI shows that UK manufacturing and services output had soared to a 7-month high after February’s contraction. Chris Williamson, Chief Business Economist at IHS Markit, commented on the data: ‘The UK economy rebounded from two months of decline in March, with business activity growing...
US Dollar (USD) Rises as Souring Risk Sentiment Drives Demand for Safe-Haven Currencies Published: 17 Mar at 2 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) held steady today as Sterling investors look ahead to Thursday’s Bank of England (BoE) policy decision. The Bank is largely expected to hold interest rates at 0.1% but following bullish comments from the BoE’s Governor Andrew Bailey – who said he was ‘more positive’ about the outlook for the UK economy – some GBP investors are feeling optimistic. With tensions between the UK and the EU erupting over the Northern Irish border and several countries suspension of Oxford’s...
Pound (GBP) Steadies as UK Markets Become More Cautious Published: 10 Mar at 12 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) stabilised against many of its peers today owing to a dearth of UK economic data. However, confidence in the UK economy remains high as the nation is set to cautious ease lockdown measures over the next few months. However, Bank of England (BoE) Governor Andrew Bailey warned that the economy would not return to a pre-Covid state but added that he now sees a light at the end of the tunnel. Mr Bailey said: ‘There are reasons to believe that so-called long-term scarring...
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...

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