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Expert market insight and updates to help you navigate the ever changing global currency markets

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24

Sep

Currency Updates

Euro hits July lows amid fears of fresh virus restrictions

T

he euro fell to new lows yesterday amid concerns over the rising number of COVID-19 cases in Europe. Sterling actually outperformed its major peers as the UK government prepares to unveil fresh job retention policies. ( 5 min. )

Written by
Matthew Ryan

With this grant Ebury will create the UK’s most comprehensive online digital platform for an SME’s international trade and working capital needs

Matthew Hopper 23 September 2020 2 min read

The euro and sterling both sold-off hard on Monday as European government begin formulating plans to tighten restrictions in order to halt the second wave of virus infection evident across much of the continent.

Matthew Ryan 22 September 2020 5 min.

While the Federal Reserve's September meeting had been the focus last week, the FOMC didn't surprise investors and the market impact was muted.

Enrique Díaz-Álvarez 21 September 2020 3 min

US dollar

The dollar rallied on Wednesday, despite the Federal Reserve indicating that it sees unchained US rates through at least 2023. Attention now turns to this afternoon’s Bank of England policy announcement.

Matthew Ryan 17 September 2020 10 min.

Federal Reserve

This evening’s FOMC meeting looks set to be the main event risk in the currency market this week. Read on to find out how the Fed’s policy announcement could impact the FX market.

Matthew Ryan 16 September 2020 10 min.

Pound tanks towards post-Brexit lows on ‘no deal’ concerns

The pound edged higher against its major peers this morning after MPs voted in favour of Boris Johnson’s controversial Brexit bill. All eyes now turn to major central bank policy announcements later in the week.

Matthew Ryan 15 September 2020 5 min.

Federal reserve

Since the FOMC’s last official meeting in late-July, the Federal Reserve has unveiled one of the most significant changes to its monetary policy strategy in the last few decades.

Matthew Ryan 15 September 2020 5 min

Sterling

Like a sequel to a bad horror movie, the latest episode in the Brexit saga is reviving fears of a complete breakdown of Brexit negotiations and the attendant economic and financial chaos. The main victim was the pound, down over 3% against every major currency worldwide.

Enrique Díaz-Álvarez 14 September 2020 3 min

Sterling rallies to new highs as markets eye big Tory win

The pound was sent sharply lower again on Thursday as investors continue to fret about the state of the Brexit discussions. Meanwhile, the euro gave up its gains, despite a less dovish than expected ECB.

Matthew Ryan 11 September 2020 3 min