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NEWS

Gray Structure

How has the pound been performing?

15th January

GBP opened the week pushing lower to a 3-week low against the US Dollar, in the build up the BoE's speculation that the UK would introduce negative interest rates. BoE's Spokesman Tenreyro, mentioned he had nothing new to add on this subject but mentioned....

How has the pound been performing?

8th January

On Monday to start the New Year of 2021, the Pound fell from the skies as Sterling faced an early reality check. GBP was flirting around the 1.3700 region as investors continued pushing the Pound higher after the EU and ....

How has the pound been performing?

18th December

On Monday, the pair opened just above 1.3300 creeping higher towards 1.3450 by lunchtime as EU's Chief Brexit negotiator Barnier expressed his optimism on a deal with the UK. GBP....

How has the pound been performing?

11th December

On Monday, the pair opened at 1.3440 plummeting lower after the Brexit news over the weekend. The pair went down to three-week lows of 1.3225 after the Sun newspaper reported that PM Boris....

How has the pound been performing?

4th December

After a strong performance last week, the Pound held it's ground on Monday's market open, maintaining a trading level above 1.3300. With eyes....

How has the pound been performing?

27th November

After more gains last week, the Pound opened on Monday again in a strong position, trading above the 1.3300 level. By mid-day on Monday, Sterling managed to accelerate its uptrend from mid-November lows at 1.3100, reaching to...

How has the pound been performing?

20th November

After some solid gains last week the Pound opened on Monday again in a strong position trading above the 1.3200 level. With the US election.....

How has the pound been performing?

13th November

GBP opened on Monday morning at 1.3180 seeing a strong rise from GBP. On Tuesday morning, Sterling went through the 1.3200 region...

How has the pound been performing?

6th November

GBP opened on Monday morning trading just above 1.2900 before taking a slight dip to 1.2857 and moving between the range for most of the day. GBP broke 1.3000 as the US....

How has the pound been performing?

30th October

GBP opened on Monday morning at 1.3040 where the Pound kept steady around this area for the first half of the week keeping just above the 1.30 level. On Wednesday, GBP managed to....

How has the pound been performing?

23rd October

GBP opened the week at 1.2930 edging higher against the Dollar as positive trade talks took place between UK Barnier & EU Frost. The Pound managed to get through the 1.30 region on Monday, but the gains carried on mid-week as it managed to take it further to a 6-week high of 1.3152...

How has the pound been performing?

16th October

GBP opened the week at 1.3030 seeing GBP tumble -1.5% on Tuesday. Reasons being, BoE were reported to be asking banks for information about their readiness for negative interest rates....

How has the pound been performing?

9th October

GBP opened the week just below 1.2750 in which headed above 1.2900 by mid-morning. The momentum was on the back of BoE's Deputy Governor Dave Ramsden saying...

How has the pound been performing?

2nd October

GBP opened the week just below 1.2750 in which headed above 1.2900 by mid-morning. The momentum was on the back of BoE's Deputy Governor Dave Ramsden saying...

How has the pound been performing?

25th September

GBP opened the week just above 1.2950 dropping lower early morning as the UK's health secretary Matt Hancock commented having no vaccine for the UK.

How has the pound been performing?

18th September

GBP opened the week just above 1.2800 trying to re-gain all of it's losses from the previous week, after Boris announced that if the EU do not play ball with the UK's proposal....

How has the pound been performing?

11th September

After GBP managed to reach 10-month highs of 1.3485, the Pound has slipped much lower due to Brexit related news. On Monday this week, GBP/USD opened up at 1.3250...

How has the pound been performing?

4th September

The Pound had a fantastic start the week against the US Dollar despite it being a UK Bank holiday - the Pound just cut short of hitting 1.3400. This level is the highest level since 16th December 2019...
 

How has the pound been performing?

27th August 2020

The Pound opened the week against the US Dollar at 1.3100, pushing gradually higher towards the 1.3150 region by Monday close. On Wednesday, the UK released much hotter-than-expected

How has the pound been performing?

21st August 2020

The Pound opened the week against the US Dollar at 1.3100, pushing gradually higher towards the 1.3150 region by Monday close. On Wednesday, the UK released much hotter-than-expected

How has the pound been performing?

14th August 2020

The Pound opened the week against the US Dollar at 1.3070, edging higher towards 1.31 on Tuesday despite anticipation of UK's expected negative GDP to be released on Wednesday morning. 

How has the pound been performing?

7th August 2020

The Pound opened the week against the US Dollar at 1.3080, but dived lower as the UK released some poor manufacturing figures to start the August month.

How has the pound been performing?

31 July 2020 

The Pound opened the week against the US Dollar at 1.2800 after breaking away higher from the previous week. As we know at the start of the month the Pound was trading around the 1.22 to 1.25 region....

How has the pound been performing?

24 July 2020 

The Pound opened the week against the US Dollar at 1.2560 pushing lower down to 1.2520 in early morning of trading due to the pessimism surrounding Brexit, tussles with China and of course talks from the BoE on negative interest rates over the weekend.

How has the pound been performing?

17 July 2020 

The Pound opened against the US Dollar just below 1.2650 pushing to fresh highs of 1.2667 in the early morning of trading. Positive strength from the Pound, as last week it rose nearly 2% higher from the approval of Rishi's mini-budget on Wednesday.

How has the pound been performing?

10 July 2020 

The Pound opened against the US Dollar just under 1.2500, climbing higher on Monday. With little data out from the UK, the US released their PMI results which came out much better than expected, but despite this, the Pound went higher to 1.2525.

How has the pound been performing?

22nd January

GBP/USD opened the week pushing down to multi-day lows on Monday morning to 1.3520. This was due to concerns about the potential economic fallout on continuous surge in the number of new Covid-19 cases...

How has the pound been performing?

26th June 2020

This week, the Pound opened against the US Dollar at a month low of 1.2335 on Monday morning. The Pound reached some sort of market support which managed to pull back against the Greenback as PM Boris met up with French PM Macron and ECB President last week.

How has the pound been performing?

03 July 2020 

The Pound opened against the US Dollar at 1.2340 heading lower to start the week as the Brexit saga continues to negativity affect the Pound. The UK and EU re-met on Monday discussion trade agreements which seemed that the UK had not responded to all of the EU's questions making the Pound head lower to 1.2250.

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