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...
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...
https://www.halofinancial.com/wp-content/uploads/2021/03/bank-15616_1280.jpg9591280Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-07-22 18:55:192021-07-22 18:55:19Pound Sterling’s in recovery mode but vulnerability lingers
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...
The 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.
https://www.halofinancial.com/wp-content/uploads/2021/07/executium-5hcV51EeeWc-unsplash-scaled.jpg17032560Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-07-15 15:27:582021-07-15 15:59:55Digital currencies – ECB to launch the e-euro
A recent survey of Chief Financial Officers (CFOs) has revealed a shift in business focus, with companies focusing more on investment and growth instead of cost reduction measures. Although risks to the UK economy remain, most CFOs foresee solid growth thanks to COVID vaccine progress. However, inflationary pressures and concerns over easing lockdown restrictions prematurely are weighing on GBP...
https://www.halofinancial.com/wp-content/uploads/2021/07/UK-retails-sales-post-record-growth-scaled.jpg17072560Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-07-13 17:27:172021-07-13 17:27:54UK’s post-Brexit economy surging ahead of Freedom Day
UK International Trade Secretary Liz Truss has headed to the United States to meet with US counterpart Katherine Tai to secure a free UK/US trade deal. Ms Truss stated her aim during the US trip was to build on the progress the UK has already made on tackling discriminatory market practices between the two nations and improving overall global prosperity.
The fears of a double dip recession in the UK appear to be far behind us, with the UK economy growing at a more rapid pace than initially anticipated. The Bank of England (BoE) revised their predictions for UK GDP by 1.5% during June’s monetary policy meeting compared to the previous month. Meanwhile BoE chief economist Andy Haldane says UK inflation could rise to 4% by the end of 2021.
https://www.halofinancial.com/wp-content/uploads/2021/03/credit-squeeze-522549_1280.jpg9761280Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-07-02 16:50:012021-07-02 16:51:21UK bounces back from double-dip recession fears
The British pound (GBP) has come under pressure against the US dollar (USD) during today’s trading session. Pound sterling is unlikely to experience the rapid gains seen during early 2021 against its major currency over the coming months but will hold steady. Meanwhile, the US dollar (USD) looks to continue to outperform its currency rivals following upbeat comments from the Federal Reserve.
https://www.halofinancial.com/wp-content/uploads/2021/06/sharon-mccutcheon-8lnbXtxFGZw-unsplash-3-scaled-e1624979658706.jpg10001500Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-06-29 16:21:242021-10-21 10:33:46British pound under pressure against the US dollar
After a strong performance mid-week, pound Sterling (GBP) has slipped across the board. The UK currency has suffered the steepest losses against safe-haven currencies such as the Japanese yen (JPY), US dollar (USD) and euro (EUR), all of which are being supported by the shift in risk appetite ahead of the weekend...
https://www.halofinancial.com/wp-content/uploads/2021/06/UK-retail-sales-data-disappoints-scaled.jpg17072560Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-06-18 17:32:022021-06-18 17:32:02Pound Sterling tumbles following weak UK retail sales data
Pound Sterling heads lower in currency markets as the UK reports a spike in cases of the Indian COVID variant. Investors fear that the growing spread of the new COVID strain will delay the June 21st reopening timeframe and stall economic growth. However, the accelerating vaccine rollout is offering a glimmer of hope...
Pound Sterling (GBP) has experienced some back and forth trade this week due to concerns over travel, inflation and the Indian variant. Ahead of the weekend, GBP is rallying against the US dollar (USD), euro (EUR) and the Canadian dollar (CAD) but remains under pressure against the Australian and New Zealand dollars.
Risk-on assets such as pound Sterling are being supported by the upbeat mood in currency markets with global recovery well underway. the robust economic rebound in the United States has triggered fears that the US economy may be at risk of overheating, possibly marking the end of ...
https://www.halofinancial.com/wp-content/uploads/2021/04/Pound-Sterling-unchanged-scaled.jpg17022560Stephanie Wrighthttps://www.halofinancial.com/wp-content/uploads/2020/12/halologo-1.jpgStephanie Wright2021-06-03 15:53:532021-06-03 15:53:53Riskier currencies extend gains as global sentiment improves
By clicking “Accept recommended”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. Our recommended settings mean all these cookies are active, but if you aren't happy with this, you can manage your preferences by clicking "manage preferences".
When using our website, it may store or retrieve information on your browser in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to.
The information does not usually directly identify you, but it can give you a more personalised web experience.
You can choose not to allow some types of cookies, by clicking on the different category headings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
Strictly Necessary Cookies
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling out forms. You can set your browser to block or alert you about these cookies, but some parts of the site may not function correctly. These cookies do not store any personally identifiable information.
Targeting & Analytics Cookies
Targeting & Analytics Cookies
These cookies collect information that aid us in customising and enhancing your user experience. If you do not allow these cookies, we will not know when you have visited our site, and will not be able to monitor its performance.
These cookies do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will also experience less targeted advertising.
Please click the toggle below if you wish to turn on these cookies. The toggle will turn green when the cookies are enabled.