France News

<h2>Pound (GBP) </h2> The Pound exchange rate held steady today because of a lack of any influential UK economic data. UK markets remain on the whole positive, however, with Covid-19 infection rates only modestly rising, while daily hospitalisations are showing signs of dropping. Daily deaths from the coronavirus are also relatively low compared to the start of this year. Meanwhile, the property website Zoopla has predicted that house prices could leap by as much as 46% this year. Grainne Gilmore, head of research...

<h2>Pound (GBP) </h2> The Pound (GBP) rose against many of its peers today after the latest UK growth data revealed that the UK had rebound in March, thanks to the Government’s extensive Covid-19 vaccination rollout programme. UK Chancellor Rishi Sunak celebrated the data, saying: ‘Despite a difficult start to this year, economic growth in March is a promising sign of things to come. As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery.’ As a result,...

<h2>Pound (GBP) </h2> The Pound (GBP) fell against the Euro (EUR) and the US Dollar (USD) today following the release of the latest UK Services PMI, which was revised down to 56.3. However, the UK’s business activity has picked up, with the latest PMI signaling rebound last month. Howard Archer, the Chief Economic Advisor to EY Item Club, commented on the report: ‘Encouraging news on UK economy as purchasing managers reported services activity improved markedly in March to return to clear growth despite...

<h2>Pound (GBP) </h2> The Pound (GBP) rose today after the latest UK GDP report for the fourth-quarter of 2021 was revised up. However, this was not enough to fully bolster confidence in the UK economy, as the figure had only been slightly revised up to 1.3% from the record slump of 1%. Today also saw UK House Prices dip by 0.2% in March, leaving some GBP investors more cautious about the outlook for the nation’s economy. Robert Gardner, Nationwide’s Chief Economist, commented on the data: ‘Given that the...

<h2>Pound (GBP) </h2> The Pound rose today as 18.4% of the UK population have received at least one dose of the Covid-19 vaccine. As a result, UK markets are more optimistic that mass vaccination could help the nation’s economy recover in the months ahead. However, today saw the publication of the latest UK BRC Retail Sales data for January, which rose by 7.1%. Helen Dickinson, the Chief Executive at the BRC, said: ‘January saw retail sales growth decline to its lowest level since May of last year. The current...

Pound Sterling (GBP) The Pound benefitted from recovering market sentiment today. Some uncertainty about coronavirus vaccine shipments has softened, and this combined with stronger than expected UK job market data helped the Pound to advance against rivals. There is no more notable UK data due for publication this week. As a result, the Pound will continue to be driven by risk-sentiment and developments in Britain’s coronavirus situation. Euro (EUR) While today’s German industrial sentiment data was optimistic, it...

Pound Sterling (GBP) The Pound slipped back from its best levels today, as markets once again grew anxious about the fate of the Brexit process. UK and EU officials have shown mixed signals on how negotiations are going, which is causing no-deal Brexit fears to flare up again. No notable UK data will be published tomorrow. This will leave Pound investors awaiting developments on UK-EU Brexit negotiations and Britain’s coronavirus situation. Euro (EUR) Demand for the Euro was mixed today. The shared currency was...

<h3>Pound (GBP) </h3> The Pound (GBP) suffered today as the UK enters a crucial week in which UK-EU trade talks are expected to intensify. Nevertheless, with Prime Minister Boris Johnson both in self-isolation and maintaining a hard-line position on Brexit, GBP investors are remaining cautious. Ireland’s Foreign Minister, Simon Coveney, was also pessimistic about a post-Brexit trade agreement between the two sides, saying: ‘I think the British government understand only too well what is required for a deal this...

<h3>Pound (GBP) </h3> The Pound (GBP) rose today on renewed hopes of a post-Brexit trade deal following the weekend’s tumultuous uncertainty over US political elections. Following Democrat Joe Biden’s substantial lead on US President Donald Trump, GBP investors are now more hopeful that this could place extra pressure on UK-EU trade talks, resulting in a trade agreement. Ireland’s Minister of Foreign Affairs, Simon Coveney, said: ‘I think this will be a cause for ’pause for thought’ in No 10 to ensure...

Pound Sterling (GBP) While market sentiment improved slightly today, the Pound’s rebound attempt has been limited. The Bank of England (BoE) announced fresh quantitative easing (QE) and notable downgrades to its UK forecasts, amid fears that the coronavirus pandemic will mean a rough Q4 for Britain’s economy. All of this week’s notable UK news has passed. As a result, the Pound’s focus will remain on developments in the 2020 US Presidential Election through the end of the week. Euro (EUR) The Euro has...