Currency Insights & Analysis

Shell launches share buyback programme

Spike in oil prices boosts Shell’s profits and dividends

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Shell boosts dividends and launches share buybacks after a spike in oil prices sends the company’s Q2 profits soaring. Stock markets are also enjoying “Super Thursday” but Bank of England (BoE) risks pose a threat to UK stocks. Pound Sterling’s rally also risks slowing down in the wake of next week’s BoE event...
Ray Ban smart glasses

Facebook confirms release of Ray-Ban smart glasses

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Facebook has cashed in on coronavirus lockdowns with its latest earning report showing that quarterly growth surged to USD 110M a day. Although the Californian tech titan has warned of a slowdown in revenue growth in the forthcoming quarters, Mark Zuckerberg’s ambitions to build a “Facebook metaverse” will create a new wave of growth opportunities...
Board room

Is risk management essential for driving business growth

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A new EY survey of board members has explored whether risk management has become essential to strengthening resilience against future disruption in the current uncertain environment. The board members believe that risk management will be critical in enabling business growth over the next five years...
US Dollar and Sterling- banknotes and coin. GBP-USD concept

Pound Sterling forecasts slashed amid growing COVID concerns

Pound Sterling (GBP) is trading higher across the board on the first day of the new trading week but analysts have downgraded the currency's medium-term forecast. The near term outlook for the British pound (GBP) is hinged on the US Federal Reserve’s interest rate decision at their upcoming policy meeting and coronavirus developments...
UK supermarkets say pingdemic is impacting food supplies

UK supermarkets warn of pingdemic impact on food supply

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British supermarkets have warned of the “pingdemic” threat to food supplies and business. Some of the UK’s supermarket chains, including ASDA, Tesco, Sainsbury’s and Morrisons have reported staff shortages amid rising COVID cases, as in-store employees and delivery workers are being forced to self-isolate after being “pinged” for being in close contact with someone that’s tested positive for the virus...
Foreign Exchange Currency Risk

A guide to business risk management

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Risks are present within every industry and can create catastrophic consequences if not managed accordingly. Although all businesses are subject to a degree of risk, it is particularly prominent within the financial services industry. Identifying the risks within forex trading can be a complex topic but is essential for those in the industry to master to become a lucrative FX trader.
pound sterling

Pound Sterling’s in recovery mode but vulnerability lingers

Pound Sterling (GBP) recovers as global investor sentiment improves. A slowdown in the UK’s COVID case rate growth has also bolstered GBP exchange rates but vulnerability lingers, especially against the greenback. Technical charts point towards a bearish trend in the British pound to US dollar (GBP/USD) exchange rate with inflation concerns and Brexit tension raising concerns...
UK Business Confidence

Accelerating business growth during the coronavirus pandemic

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The coronavirus pandemic proved to be a make or break moment for thousands of businesses worldwide, with many forced to make quick pivots to align with changing economic climate. With coronavirus forcefully disrupting global economies, businesses have had no choice but to accommodate new trends and best practices to avoid being outdistanced by their competitors.
British Pound v Euro

Pound Sterling pressured by UK’s worsening COVID situation

The British pound to US dollar (GBP/USD) exchange rate and the British pound to euro (GBP/EUR) exchange rate have collapsed amid ongoing signs that the UK’s coronavirus situation is deteriorating. Confirmation that UK government borrowing declined has prevented sharp losses but persisting Brexit tensions could drag pound Sterling (GBP) exchange rates lower...
Supply chains are under pressure due to the 'pingdemic'

UK government borrowing falls as economy reopens

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UK government borrowing fell year-on-year during June 2021 by GBP 5.5 billion following the reopening of the UK economy. UK borrowing levels hit record highs during the pandemic, with billions spent on support measures such as the furlough scheme. The rise in borrowing has pushed UK government debt to over GBP 2.2 trillion, equating to 99.7% gross domestic product (GDP)
Northern Ireland protocol

EU leaders should admit NI Protocol has failed

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Post-Brexit tensions are rising, with the EU accused of creating sustained disruption over Northern Ireland protocol. DUP leader Sir Jeffrey Donaldson has urged the EU to admit that NI Protocol has failed, noting that the bloc’s policy has had a damaging effect on Britain’s economy and the relationship between the devolved nations...
Riski Sunak Budget

Rishi Sunak could delay the Autumn budget to next year

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UK Chancellor Rishi Sunak is considering delaying the Autumn 2021 budget to next year to allow him to assess further the economic impact of the UK government's business support schemes. The potential delay follows news that many Conservative MPs are anxious that the end of the furlough scheme could impact the UK's economic recovery from COVID-19.