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 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
UK Pound and Canadian Dollar Recovers but Loonie Predicts Issue in the Future
The Pound-to-Canadian Dollar exchange rate recovered off three-month lows to rise above its breakeven point for 2021 on Monday. Still, with the Loonie poised to enjoy its own period of outperformance in the coming weeks, GBP/CAD upside may be limited over the coming days. UK Pound and Canadian Dollar Forecast Pound Sterling entered the new week on its front foot with gains … [Read more...] about UK Pound and Canadian Dollar Recovers but Loonie Predicts Issue in the Future
Australian Dollar Back from the Brink as GBP/AUD Struggles
The Australian Dollar backed away from the edge of a precipice on Friday amid an evident improvement in investor sentiment, which turned GBP/AUD away from its year-to-date high set earlier this week. Australian Dollars were bought widely alongside commodities and other risk assets, taking AUD/USD back above 0.7600 as well as its 100-day moving average at 0.7616, a key … [Read more...] about Australian Dollar Back from the Brink as GBP/AUD Struggles
New Analysis Predicts Euro-Dollar Rate to Roll Back to 1.16
The Euro is expected by several analysts to extend its period of weakness against the U.S. Dollar as delays to the rollout of the EU rescue fund combine with a slow vaccination rollout program and a rapid spread of covid-19 to cast a shadow over the Eurozone. Euro Falling Behind the U.S. Dollar In France, Italy and Germany Covid-19 infection figures are rising significantly … [Read more...] about New Analysis Predicts Euro-Dollar Rate to Roll Back to 1.16