Currency Insights & Analysis
Is risk management essential for driving business growth
Business, Business GrowthA 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...
Pound Sterling forecasts slashed amid growing COVID concerns
Latest FX newsPound 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.
UK supermarkets warn of pingdemic impact on food supply
Business, Coronavirus (COVID-19)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...
A guide to business risk management
Business, Business GrowthRisks 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’s in recovery mode but vulnerability lingers
Latest FX newsPound 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...
Accelerating business growth during the coronavirus pandemic
Business, Business GrowthThe 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.
Pound Sterling pressured by UK’s worsening COVID situation
Latest FX newsThe 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...
UK government borrowing falls as economy reopens
Business, EconomyUK 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)
EU leaders should admit NI Protocol has failed
Brexit, EconomyPost-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...
Rishi Sunak could delay the Autumn budget to next year
Business, Coronavirus (COVID-19), Economy, Stock MarketsUK 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.
UK and EU clash over Brexit divorce bill valuation
Brexit, Business, Eurozone, United States of AmericaThe UK and the EU are on a fresh collision course over the value of the Brexit divorce bill. Britain’s estimate of the Brexit divorce bill is GBP 3BN lower than Brussels approximation, with the UK insisting that there is only GBP 37BN to be paid and the European Union claiming that GBP 40BN is outstanding...
Digital currencies – ECB to launch the e-euro
Latest FX newsThe European Central Bank (ECB) is set to launch a digital version of the euro (EUR) known as the e-euro. Keeping a close eye on the progress of cryptocurrencies such as Bitcoin, the ECB noted how the coronavirus pandemic had created a shift away from physical cash. The e-euro aims to launch within the next five years and looks to become a secure payment method across the Eurozone.