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Topic

UK's forex Market

Pound extends fall after US inflation data lifts dollar

Pound extends fall after US inflation data lifts dollar

Published 13 Jul, 2021 07:10pm
  • The currency flatlined against the euro at 85.46 pence .
  • Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets, said sterling had reacted to "the negative references in the BoE FSR press conference".
Sterling shoots up after big US jobs miss, UK election in focus

Sterling shoots up after big US jobs miss, UK election in focus

Published 07 May, 2021 08:06pm
  • The pound rose 0.5% in minutes, to a one-week high of $1.3972 versus the dollar after data from the Labor Department showed US employers hired fewer workers than expected in April.
  • Pound was 0.6% higher at $1.3976 versus the weakening dollar. It was up 0.1% against the euro at 86.90 pence.
Sterling steady as markets eye 'super Thursday' status quo

Sterling steady as markets eye 'super Thursday' status quo

Published 05 May, 2021 09:10pm
  • The Scottish National Party (SNP) wants a majority in the devolved parliament to demand another referendum, although British Prime Minister Boris Johnson reiterated that he will not grant one.
  • Sterling ticked up during the session against both the euro and the dollar. At 1510 GMT it was up 0.17% at $1.3909 and rose 0.25% against the euro at 0.8629 pence.
Sterling takes back seat to dollar ahead of Fed

Sterling takes back seat to dollar ahead of Fed

Published 28 Apr, 2021 05:33pm
  • Sterling was 0.3% lower against the dollar at $1.3875. It was 0.1% lower to the euro at 86.99 pence.
  • "A bearish-dollar outcome of the Fed meeting today should provide an extra tailwind for cable to make another attempt at the $1.40 level later this week."
Sterling begins new week buoyant, shrugs off political noise

Sterling begins new week buoyant, shrugs off political noise

Published 26 Apr, 2021 08:46pm
  • Sterling was 0.15% higher on Monday at $1.3901 , off last week's top of $1.4009. Against the euro it was 0.2% higher at 86.92 pence.
  • Bank of England Deputy Governor Ben Broadbent has forecast consecutive quarters of rapid growth but also warned that inflation will prove less predictable
Sterling rebounds on strong retail sales, PMIs

Sterling rebounds on strong retail sales, PMIs

Published 23 Apr, 2021 05:19pm
  • Sales volumes leapt by 5.4% in March from February, the Office for National Statistics said. Economists polled by Reuters had expected an increase of 1.5%.
  • On top of retail sales, a survey showed a deluge of orders swept through British businesses in April as the country lifted some of its restrictions, pointing to a rapid rebound for the pandemic-hit economy.
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