Pound to Euro – Sterling Rises on Reduced Chances of Negative Rates

Pound to Dollar Rate Subdued by Interest Rate Speculation

With the Brexit deal done, the pound’s narrative is being scripted by developments in the battle against the COVID-19 pandemic. As the UK enters lockdown 3.0, mounting concerns around economic stagnation and negative interest rates to help support the UK economy are dragging the pound lower. The Bank of England (BoE) slashed interest rates to a record low of 0.1% last year to cushion the initial economic blow from the pandemic. Having resisted making further cuts, the central bank said it is preparing the...
Pound to Dollar Rates Boosted by Infection Rate Optimism

Pound to Dollar Rate Holds Steady Despite Third Lockdown

On Monday evening, UK prime minister Boris Johnson announced new lockdown restrictions until the middle of February during a live televised address to the nation – asking the public to remain and work from home. Neither Mr Johnson’s announcement nor finance minister Rishi Sunak’s promise of new grants to support retail, hospitality and leisure firms excited the pound to dollar rate yesterday. Instead, the pair spent much of the day meandering between the 1.35 and 1.36 levels. So, how has the pound vs dollar rate...
The pound to dollar rate has climbed steadily higher over the last couple of weeks after the UK-EU trade pact was announced and approved

Pound to Dollar Rates: Pound Relinquishes Dollar Gains on Lockdown Concerns

As starts to the week go, yesterday was a flyer for the pound, which briefly broke through the 1.37 barrier against the dollar for the first time since 2018. The Monday blues soon kicked in, however, as the pair slid back where it came from – starting today just below the 1.36 level. The pound to dollar rate has climbed steadily higher over the last couple of weeks after the UK-EU trade pact was announced and approved, but attention now centres on the fight against...
Pound to Dollar Rates Boosted by Infection Rate Optimism

Pound to Dollar Rates Break Through 1.37 Barrier

The pound was in a celebratory mood on New Year’s Eve, hitting a two-and-a-half-year high against the dollar, as traders took heart from two major developments: UK parliament’s swift approval of the post-Brexit trade deal and growing optimism that Britain can overcome the coronavirus within months. The Brexit deal – which was achieved at the eleventh hour – is considered a little “thin” in places, but markets still breathed a sigh of relief that the UK economy avoided a no-deal cliff edge – and that...
Pound to Dollar Rates Boosted by Infection Rate Optimism

Pound to US Dollar Rates Hit Fresh Multi-Month High

As one race against time ended on Christmas Eve, when the UK and EU finally got a post-Brexit free trade deal over the line, another began: the race to pass the EU (future relationship) bill before the expiry of the Brexit transition period on New Year’s Eve. The wheels well and truly got in motion yesterday: having been signed in Brussels during a brief ceremony in the morning by Ursula von der Leyen and Charles Michel, MPs and peers gathered in Westminster to approve...
Pound to Dollar Rate Starts Week on the Back Foot

Pound to Dollar Rates: Pound Hamstrung by “Thin” Post-Brexit Deal

The festive season is typically a quiet period for markets. This year had potential to be an exception to the rule after the UK and EU finally struck a post-Brexit free trade deal on Christmas Eve. Instead of rocketing to multi-month highs, however, the pound to dollar rate shrugged its shoulders at the news following an initial rally – and the reason for its unenthusiastic response and subsequent slide lower was simple: the contents of the deal is not considered a game-changer for the...
Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Christmas came early for the pound after London and Brussels finally struck a Brexit deal on Thursday, just a week before Britain’s official separation from the bloc at the end of the year. European Commission President, Ursula Von Der Leyen tweeted: "We now have a fair and balanced agreement with the UK. It will protect our EU interests, ensure fair competition and provide predictability for our fishing communities. Europe is now moving on." While Boris Johnson said: "We have taken back control of our laws...
Pound to us Dollar Exchange Rate Hits 4 Month High

Pound to Dollar Rates: Pound Gains on Trade Deal Hopes

We have been told the clock is ticking on a post-Brexit trade deal for a while, but if ever there was a time to use this well-worn phrase it’s now. With less than a week to go before the transition phase expires, the Christmas break couldn’t come at a worse point – snatching away valuable time that could be used to get a deal over the line. Acutely aware of this, Boris Johnson and European Commission President, Ursula von der Leyen are in "close contact"...
Pound to Dollar Rates Boosted by Infection Rate Optimism

Pound to Dollar Rates: Pound Rallies Against the Dollar

The pound took a beating on Monday morning amid Brexit and travel ban chaos. Another weekend passed and yet another deadline was missed in trade talks between the UK and EU. The deadlock in Brussels was compounded by the decision from a raft of European countries to close their borders to the UK, following the discovery of a new strain of the coronavirus. The pound to dollar rate subsequently fell off a cliff, plummeting by more than three cents to less than 1.32 –...
Pound to us Dollar Exchange Rate Hits 4 Month High

Pound to Dollar Rates: Pound Sinks Following Fresh Coronavirus Restrictions

The pound’s performance has been wedded to the progress of post-Brexit trade talks in recent weeks – and like any relationship, there have been ups and downs. Last week was a perfect example of this: on Tuesday, the pound to dollar rate sunk below the 1.33 benchmark, before skyrocketing to a 31-month high just two days later – breaking through the 1.36 barrier for the first time since May 2018. Mounting hopes that a last-minute deal can be struck between the UK and EU...