UK vaccination pace

The divergence in the pace of vaccine rollouts between the UK and EU could continue to offer a source of outperformance for the British Pound, according to strategists at a leading investment bank.

February 2,2021

The Pound-to-Euro exchange rate extended its tentative 2021 advance last week and could rise further in the coming days, breaking above resistance on the charts and opening the door to fresh milestone highs, as Sterling enjoys fundamental tailwinds while the Euro is handicapped by homegrown vulnerabilities. 

January 31,2021

Exchange rate trader

The British Pound retains a positive near-term impulse that could net fresh highs over coming sessions, with foreign exchange markets looking to the potential for a sustainable exit from a cycle of economy-breaking lockdowns in the spring.

January 29,2021

ECB Knot

The Pound-to-Euro exchange rate rallied to a high of 1.1331 on Wednesday Jan. 27, giving the best exchange rate for Euro buyers in 8 months.

January 27,2021

Euro can fall further against the Pound

The Pound will no longer come up against month-end flow headwinds now that UK membership payments to the EU have ended.

January 25,2021

The Pound-to-Euro exchange rate attempted to rally above an important resistance level on the charts last week but was scuppered by Euro strength and last minute weakness in Sterling, which may now have condemned the pair to a period of consolidation within a narrow range over the coming days. 
 

January 24,2021

Lockdown hits the UK economy

A sell-off in the British Pound ahead of the weekend accelerated on the release of data that showed the UK economy suffered a significant slump in January.

January 22,2021

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