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GBP The Confederation of British Industry industrial trends orders index strengthened to well above forecasts, the first positive reading for over two years and the strongest reading since December 2017. Jon Cunliffe, the Bank of England Deputy Governor commented that the rise in house prices have been conspicuous, change to…
GBP Global risk conditions were more fragile yesterday as volatility increased. This caused Sterling to slide with the currency retreating to below 1.4150 against the Dollar. Markets were monitoring coronavirus developments in the UK given the rise of the Indian variant. There was however optimism that the current vaccines are…
GBP UK labour market data generated a mildly positive impact on Sterling as it alluded to labour-market resilience.An investment banking survey showed the allocation of UK equities in global funds hit the highest level since 2014; suggesting strong underlying demand for UK assets. The Pound pushed above 1.4200 against a…
GBP The relaxation of lockdown restrictions underpinned sentiment but Sterling was still held in a narrow trading range. Reservations remain for the Indian covid variant and it’s potential to disrupt plans for the next lockdown relaxation planned for June. Risk appetite remained steady as markets continued to focus onglobal inflation…
GBP Due to an empty data calendar Sterling moves were influenced by global developments on Friday. There was some caution over the spread of the Indian coronavirus variant in the UK which raised speculation of a delay to the re-opening of the UK economy in June. Inevitably the Boris Johnson…
GBP Confidence in the UK recovery remained but reports of a UK few cases of the Indian coronavirus variant did cause a bit of concern. Scientific advisers met and there was some concern that the UK re-opening could be threatened, perhaps with local lockdowns which would undermine the recovery potential….
GBP Overall confidence in the UK recovery outlook was sustained following the batch of data releases. The growth data did not dampen expectations of a strong recovery in the economy while the trade data and a net recovery in EU exports also lessened the immediate risk of selling on the…
GBP Lockdown easing measures kept confidence in the UK economic outlook strong as with expectations of stronger activity with further lockdown easing measures taking effect next week. The Pound seemed remarkably steady despite global equity markets dropping sharply lower. Sterling has a tendency to weaken when risk conditions worsen, so…
GBP The government confirmed that the UK coronavirus alert level had been reduced to 3 from 4 previously due to reduced transmission, it also confirmed that the further easing of restrictions would take place next week in England. This will include the re-opening of indoor hospitality which should underpin business…
GBP Sterling held steady on Friday despite caution ahead of the US employment report. A strong performance by the Conservative Party in local elections provided some support to the Pound. The UK Construction Purchasing Managers Index decreased fractionally and failed to meet forecasts, although new orders increased and supply-chain shortages…