Germany News

<h2>Pound (GBP)</h2>\r\nThe Pound (GBP) fell to a one-month low against the US Dollar (USD) yesterday, following the UK government’s decision to delay lockdown easing. Sterling also dropped in its currency pairing with the Euro (EUR).\r\n\r\nFallout from the government’s decision overshadowed the publication of positive unemployment rate and earnings statistics. Figures show that unemployment has dropped and wage growth increased in April.\r\n\r\nLooking ahead, the UK’s latest CPI findings may buoy the Pound as data...

<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) has continued to rise this week following the publication of the latest Confederation of British Industry (CBI) distributive trade index. The figure surged from -45 to 20 in April, buoying confidence in the UK’s retail sector. Fraser McKevitt, the head of retail at Kantar, commented: ‘There is a growing sense that the worst of the pandemic is behind us, and people are becoming more comfortable with venturing out to the supermarket. The past four weeks have been the busiest in...

<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 following Chancellor Rishi Sunak’s announcement of the 2021 Budget. Sunak confirmed the extension of the furlough scheme until September. Today also saw news that the Office for Budget Responsibility (OBR) now expects the UK economy to grow by 4% this year owing to a ‘swifter and more sustained recovery’ than expected in November last year. Consequently, GBP investors have become more confident about the UK economy going forward. In UK economic data, today saw the...

<h2>Pound (GBP) </h2> The Pound rose today as confidence in the UK economy continues to grow following Prime Minister Boris Johnson’s outline of a lockdown exit strategy earlier this week. As a result, GBP investors are now more optimistic than before that the nation could be one of the first countries to recover its economy once lockdown restrictions are eased. Michael Hewson, an analyst at CMC Markets, explains: ‘The Pound has continued its advance to multiyear highs against the US dollar, as markets take 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 touched on new highs today, even as investors headed towards safer assets. Unlike other major risk-correlated currencies, the Pound continues to benefit from coronavirus vaccine hopes as Britain’s vaccine programmes are further along than those of other major economies. Still, the Pound’s gains have been broadly volatile. If evidence of Britain’s economy struggling from the coronavirus pandemic worsens, uncertainty may outweigh vaccine hopes and finally drag the Pound lower. Euro (EUR)...