Japan News

<H2>Pound (GBP) </H2> The Pound (GBP) showed signs of recovery today as UK markets are becoming more optimistic about the state of Britain’s economy. Employers have now begun rehiring following months of begin unable to open due to Covid-19 lockdown restrictions. As a result, GBP investors are more hopeful that the economy could begin to recover as the joblessness crisis is remedied by the reopening of non-essential shops. Meanwhile, the latest UK inflation data for March showed a rebound thanks to rising fuel prices....

<h3>Pound (GBP)</h3> The Pound (GBP) held steady today despite growing fears for Britian’s retail sector after the retail giant Marks & Spencer announced that it would be slashing jobs due to the Covid-19 crisis. As a result, GBP investors have become increasingly jittery as the economy struggles. Meanwhile, a study by the accountants Deloitte revealed that 65% of finance directors believed the threat of the coronavirus pandemic and Brexit could severely limit the British economy. GBP struggles as the UK’s...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) traded negatively against many of its peers today as no-deal Brexit fears continued to weigh on market appetite for Sterling. Markets have always remained cautious due to the spread of the coronavirus, leaving investment in the Pound markedly subdued today. Analyst at MUFG commented: ‘While country-by-country tallies of COVID-19 shows an un-alarming total of 15 in the UK, its near 5% current account deficit means a tightening of financial market conditions leaves...

<h2>Pound Sterling (GBP) Rallies on Upbeat PMI Figures</h2> The Pound (GBP) was able to edge higher against a handful of currencies after upbeat UK PMI data showed the UK’s private sector saw its joint-fastest private sector output since September 2018. Added to this, the manufacturing sector saw the fastest growth in output since April 2019, providing Sterling with a further boost. Sterling traded higher despite many analysts stating the PMI figure is a false positive. Looking ahead, GBP could give up some losses...

<h2> Pound (GBP) Slumps as UK Manufacturing Output Falls to 17-Year Low</h2> The Pound (GBP) slumped on Monday after data revealed the UK economy shrank by -0.4% in April, and in the three months to April, GDP rose by 0.3%. Added to this data showed that the UK’s car manufacturing sector fell by 24% thanks to Brexit car factory shutdowns, which dragged overall manufacturing output down to a 17-year low. Meanwhile, think tank, NIESR warned that the UK economy could shrink by -0.2% in the second quarter of 2019 which...

Pound Sterling (GBP) Acceleration in Brexit negotiations could be just what the Pound needs to mount a more solid recovery, as the British currency recovered some of its recent losses versus most majors thanks to the past week’s Brexit developments. EU Chief Negotiator Michel Barnier took an optimistic tone about the UK and EU’s future relationship on Friday, saying the EU was open to alternative backstop plans for the issue of the Irish border and indicating the EU would still rather avoid a ‘no-deal Brexit scenario too. This...

Pound Sterling (GBP) Although the Pound has appreciated slightly against the US Dollar on 22nd February, elsewhere it has dropped by -0.3% against the Euro and by over 0.4% against the Australian Dollar and New Zealand Dollar. This generally poor performance comes after news that UK GDP growth readings have been revised down in Q4 2018, in addition to business investment being reported lower. The Office for National Statistics downgraded its GDP growth rate figures on the quarter and the year, while quarter-on-quarter Q4...

Pound Sterling (GBP) The afternoon’s Sterling movements have been negative in virtually all cases. The Pound has fallen by over -0.8% against the Euro and US Dollar, as well as dropping by more than -1% against the New Zealand Dollar and Japanese Yen. This spread of poor exchange rates has been triggered by a gloomy set of statements from the Bank of England (BoE). After leaving interest rates at 0.25%, BoE officials stated that the 2017 and 2018 growth forecasts had been downgraded. Along with predictions of higher inflation...

Pound Sterling (GBP) The Pound tumbled on Thursday as investors reacted to June’s UK retail sales results. UK retail sales actually beat expectations in both major prints. Month-on-month retail sales improved from -1.1% to 0.6% while yearly retail sales rose from 0.9% to 2.9%. However, analysts noted that the figures overall rounded off a flat performance for retail in the first half of 2017, amid a poor first quarter and a decent second quarter. The June retail sales boost was also more to do with hot weather than consumer...

Pound Sterling (GBP) The Pound continued to be sold off against a majority of its major rivals throughout Tuesday’s session, as investors continued to adjust lower on the currency in reaction to Brexit comments made by UK officials. Indications that the UK government would not pursue access to the European Union’s single market after the Brexit weighed particularly heavily on Sterling throughout the day, causing it to hit its worst post-Referendum levels against many key currencies. Sterling struggled to hold its ground throughout...