1133 days ago
Cable is rolling over before reaching a post-Brexit high
1.435 is the big line in the sand before more Sterling upside
1135 days ago
Worst and best currencies vs. the US Dollar YTD
The Turkish Lira is by far the best performing currency against the US Dollar, while the Argentinian Peso is far down on spot returns.
1137 days ago
British pound bounces back with strong vaccine roll-out
The British pound got slammed in recent years by the twin storms of Brexit fears and a particularly bad Covid-19 crisis. But with a trade deal in pocket and a world-leading vaccine program, investors say the upside forces for the currency are now just as strong. The U.K. currency rose to its highest level against the dollar in nearly three years Friday as sterling crossed $1.40, its first time hitting that mark since April 2018. The British economy was among the hardest hit by the pandemic, but now the country is on course to be the first major economy to inoculate its entire adult population, after the government reached its goal of vaccinating 15 million people in mid-February. Source: WSJ
1137 days ago
Hedge funds bet on pound versus dollar
Sterling has benefited from its perception as a riskier currency than havens like the U.S. dollar or the Japanese yen. This allows it to rally as investors rotate out of U.S. assets, betting that economies whose assets are cheaper could have a larger scope for a rebound after the vaccine rollout. Source: WSJ
