Daily Report
Daily Report: 3rd December 2021
GBP The pound has begun the day around half a cent lower than yesterday’s close against the dollar, but steady against the euro. The dollar has found support after a host of Federal Bank officials commented on the need to tighten monetary policy as inflation has hit levels not seen for several years. British companies are struggling to find the staff they need and expect higher inflation in the year ahead, according to a survey published on Thursday by the Bank of England. The BoE's monthly Decision Maker Panel survey of nearly 3,000 businesses showed 85% of [...]
Previous Daily Reports
Daily Report: 2nd December 2021
GBP After benefitting from improved “risk“ market sentiment yesterday, sterling has started the morning session on the backfoot as traders pare their expectations of a Bank of England rate rise at this month’s meeting. Since the Omicron variant emerged last week, financial markets now see a 60% [...]
Daily Report: 1st December 2021
GBP Sterling dropped to fresh year-long lows against the dollar and two-week lows against the EUR on Tuesday as Covid fears and central bank divergence drove the markets. The UK’s count of Omicron cases jumped to 22 yesterday as Boris Johnson announced a return of some pandemic [...]
Daily Report: 30th November 2021
GBP Sterling recovered some ground against the dollar but is under pressure against the euro in early trading. The pound has suffered against the single currency as markets fear the Omicron virus could delay any monetary policy tightening by the Bank of England. Sterling had been in [...]
Daily Report: 29th November 2021
GBP Sterling hit 11-month lows against the US dollar and fresh 2-week lows against the euro on Friday, as a new strain of possibly vaccine-resistant coronavirus was discovered. This morning, sterling has recovered slightly but remains nervous as analysts warned of more volatility with little still known [...]
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