Posts
Sterling was unable to make any headway following the latest GDP data with the weaker than expected industrial and construction data hampering confidence. There were also concerns that momentum in the economy would slow, lessening the potential for policy tightening by the Bank of England alongside covid and Brexit woes….
The UK economy grew more than expected in June and although the British Pound failed to show any significant volatility, the GDP data has helped it shore up recent gains. The expansion is consistent with the Bank of England’s forecast for a robust rebound in economic activity in 2021, which…
Despite some range bound activity yesterday, it has been a fairly quiet start to the week. This was expected given the limited data released yesterday. The most interesting data from yesterday showed that German exports increased by 1.3%, continuing the growth for the 14th consecutive month – suggesting exporters are…
The British Pound maintains its status as one of the top performing currencies of 2021, aided recently by an accommodative Bank of England and a market that prefers both dollars and pounds to euros. Investors expressed support for Sterling at the expense of the Eurozone’s single currency following a strong…