The Euro's fortunes could change in April as the EU receives a substantial bump in vaccine supplies, a development that comes just as the UK sees its vaccine supplies come under pressure, spelling a potential reversal in fortunes for the Pound-Euro rate over coming weeks. The Slowdown in Rollout Could Hurt GBP Analysts consider vaccinations an important input in foreign … [Read more...] about UK Pound’s Vaccine Star Could Face as Euro’s Vaccine Star Begins to Glow
Economy
UK’s Account Increases in Q4 2020
The UK's current account deficit widened substantially in the final quarter of 2020 as the demand for goods imports increased and earnings on investments abroad were hit by the covid-19 crisis, confirming a fundamental Achilles heal of Pound Sterling valuation remains resolutely intact. In the fourth quarter of 2020, the UK's current account balance excluding non-monetary … [Read more...] about UK’s Account Increases in Q4 2020
UK GDP Growth Forecast for 2021 is Supported by ONS Upgrade
The hit to the UK economy in 2021 from the covid-19 crisis looks to be smaller than expected. A sizeable increase in savings by UK households means a strong rebound in growth will likely take place over the coming months, even if economists hotly contest the scale of that boost. UK GBP Forecast The size of the UK's economy as measured by Gross Domestic Product (GDP) shrank … [Read more...] about UK GDP Growth Forecast for 2021 is Supported by ONS Upgrade
UK Pound and Canadian Dollars has Dependable Month-End Patterns Says RBC Capital Markets
Month-end and quarter-end flows will be in focus today. Foreign exchange analysts and commentators will offer them a default explanation for any notable and unexpected exchange rate moves. However, the mechanics behind such moves are not clear, and predicting which currencies will move is difficult. Still, researchers at RBC Capital Markets have identified the Canadian … [Read more...] about UK Pound and Canadian Dollars has Dependable Month-End Patterns Says RBC Capital Markets
UK Businesses Recovering to One-Year High According to Lloyds
As measured by the Lloyds Bank Business Barometer, UK Business confidence increased by 13 points to 15% in March, its highest level in just over a year. According to Lloyds Bank, the improvement in business confidence reflects progress in the vaccine deployment, the roadmap out of lockdown, and the extension of government support measures. Lloyds Bank Sees Improvement in UK … [Read more...] about UK Businesses Recovering to One-Year High According to Lloyds