Pound to Euro Forecast | Pound to Dollar Forecast | Euro to Dollar Forecast | Pound to Australian Dollar Forecast | Pound to New Zealand Dollar Forecast | Pound to Canadian Dollar Forecast
The closure of schools is being tipped to be the single most important factor for the UK economy in the third major national lockdown, with economists saying the move could knock 2.0% off economic growth.
January 11,2021
The British Pound has suffered losses at the start of 2021 with investor focus swiftly shifting from Brexit to the domestic UK economy which was burdened by the announcement of full lockdowns in England, Scotland and Northern Ireland over the past 24 hours.
January 6,2021
The Pound outperformed on Wednesday as the UK-EU trade agreement was signed in Brussels and Westminster prepared to ratify it, while investors shrugged off a further holdup of much-needed fiscal relief in the U.S. and welcomed the UK's approval of Astrazeneca's coronavirus vaccine.
January 6,2021
The Euro is on course to end the year strengthened by a near-double-digit gain over a depreciated Dollar but will face a cocktail of risks in 2021 and beyond, including a coronavirus that increasingly threatens to foster an already-present euroscepticism at the very heart of the common currency bloc.
December 29,2020
The Pound-Dollar rate slumped when the greenback leapt out of a two-year trough on Monday as a new strain of coronavirus sent a chill reverberating through holiday markets in which price swings have been exacerbated by reduced trading volumes and the resulting thin liquidity.
December 21,2020
The UK, Germany and Netherlands are the latest countries to announce a tightening of restrictions, aimed at halting the spread of the second wave of covid-19 infections.
December 15,2020
On the day the UK announced another rise in unemployment, economists at independent research house Capital Economics offer an upbeat view on what 2021 and 2022 hold for a battered UK economy.
December 15,2020
Britain's economy received its own shot in the arm this week when the ball began rolling on a global coronavirus vaccination programme, although the economy's recovery could be cut short if HM Treasury concerns about the budget deficit lead to an unnecessary return of austerity.
December 9,2020
The UK will inherit a larger 'structural' long-term fiscal deficit owing to the covid-19 crisis, but economists warn that the government risks a major policy error if it tries to eliminate the deficit too soon.
November 26,2020
The UK government has announced today that it would borrow significantly more money than at any other point in its peacetime history, but economists say the bill is affordable.
November 26,2020
AstraZeneca and Oxford University on Monday announced their vaccine candidate for covid-19 - AZD1222 - had proven efficacy in preventing the contraction of the disease amongst participants in phase 3 trials, a development that has lead one investment bank researcher to say the developed world is on course to reach 'herd immunity' by mid-2021.
November 23,2020
The British Pound started the new week higher amidst reports UK Prime Minister Boris Johnson was set to make a political intervention in Brexit trade negotiations with a view to achieving a deal by early next week, while foreign exchange markets were in a 'risk on' mood following vaccine news from AstraZeneca/Oxford University.
November 25,2020
Biotech company Moderna on Monday announced its covid-19 vaccine candidate has proven to be more than 95% effective in preventing the various in stage 3 trials, but for markets the news is perhaps not as much of a game changer given Pfizer breakthrough, according to analysts.
November 16,2020
The UK economy has shrunk by a greater amount than the United States and its major peers in the Eurozone, but the deeper decline could be matched by a greater vaccine-fuelled recovery in 2021 according to independent economic research house Capital Economics.
November 13,2020
Has the Dollar's reaction function to risk been flipped by this week's vaccine news? Financial market price action in the wake of news of a potentially successful covid-19 vaccine from Pfizer, and subsequent news from Moderna, suggests that instead of being a loser amidst an air of improved investor expectations, the Dollar could be a winner.
November 12,2020
The British Pound has pushed higher to register two-month highs against the Euro and Dollar, carried along by improved investor sentiment triggered by the news of a successful covid-19 vaccine candidate from Pfizer.
November 12,2020
Pfizer have announced their vaccine candidate is 90% effective, news that sent investors rushing into stocks as a trifecta of positives met the investment community at the start of the new week.
November 13,2020
The UK government's Treasury has announced the furlough scheme will now be extended until the end of March 2021 in order to provide certainty for businesses and employees.
November 10,2020
UK economic growth forecasts for the UK economy have been downgraded by the Bank of England, while pointing to a more gradual recovery in growth towards pre-Covid levels.
November 18,2020
The British Pound retreated from a seven month high against the Euro at the start of November despite news that the UK and EU are looking set to reach a mid-month deadline to reach a post-Brexit trade agreement.
November 12,2020
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