The GBP/USD has increased above the 1.38 level, gaining from the risk-on sentiment that weakens the US Dollar. The hopes for an economic recovery in the world and positive US corporate earnings are still outweighing suggestions that the risk rally has been overdone. Hints should lift GBP/USD further towards the 1.40 level medium-term. GBP/USD Strength to Continue The GBP/USD … [Read more...] about British Pound Well Positioned to Climb Further, US Dollar Continue to Struggle
Economy
British Pound has a Bit of Change Compared to Euro, but Still Advances on Struggling US Dollar
Pound Sterling exchange rates are strong despite the damage done by the coronavirus lockdown. Pound-to-Dollar rate posts 33-month high above 1,3760 in the middle of the renewed US losses Overall, Pound Sterling sentiment has held firm with the change in Bank of England expectations and robust global risk appetite offsetting the near-term weakness. The Pound-to-Euro exchange … [Read more...] about British Pound has a Bit of Change Compared to Euro, but Still Advances on Struggling US Dollar
UK Pound vs. US Dollar: Pound Sterling Recovers as Bank of England Looked Through Negative Rates
The Pound Sterling exchange rates decreased in the middle of a negative tone into February 4's Bank of England policy decision. On the other hand, foreign exchange markets were wrong-footed, and the Pound Sterling recovered fast as the bank looked through the near-term weakness to focus on the expectations for robust recovery this year. The ruling out of the near-term move … [Read more...] about UK Pound vs. US Dollar: Pound Sterling Recovers as Bank of England Looked Through Negative Rates
Germany’s Economy Recorded Only 5% Slump Amid COVID-19 Pandemic
As the world's economy crumbled due to the coronavirus pandemic, it seems like Germany was not as affected. According to official figures, Germany's economy only decreased by 5% in 2020. This number is among the smallest declines recorded in Europe despite the pandemic that caused a recession since 2008. Germany's Impressive Stable Economy In Europe, it is expected that … [Read more...] about Germany’s Economy Recorded Only 5% Slump Amid COVID-19 Pandemic
International Monetary Fund is Doubting UK’s Fast Economic Recovery in 2021
The International Monetary Fund or IMF has downgraded the forecasts for the United Kingdom's recovery in 2021. Thanks to the accelerating vaccine rollouts, the global economy's expansion are expected to quicken this year. The IMF illustrated the severe impact of the coronavirus pandemic on the UK economy and stated that in its latest forecast, the national income of the … [Read more...] about International Monetary Fund is Doubting UK’s Fast Economic Recovery in 2021