GBP / USD gains strong continuation traction on Thursday and shoots up to a fresh multi-month high. Selling around the USD after the US CPI remains unabated and is seen as a key factor in the pair’s upward movement. Political drama in the UK could limit earnings amid mild overbought conditions and ahead of Brexit […]
Tag: United Kingdom
DUP’s Donaldson Says UK Should Publish Timetable For Northern Ireland Protocol
Following his meeting with UK Foreign Secretary Liz Truss on Monday, Democratic Unionist Party (DUP) leader Sir Jeffrey Donaldson said that the UK government should outline a timetable on how and when changes will be made to the Northern Ireland Protocol. Featured Comments “He told the Foreign Secretary, the UK’s new chief negotiator with the […]
The services PMI falls to 53.6 in December although it improves expectations
The Markit UK Services PMI Index fell to 53.6 in December from 58.5 in November, its lowest level in ten months, specifically since February 2021. The result, however, improves market expectations, which were expected a drop to 53.2. UK service providers noted a sizeable reversal during December as the Omicron variant caused a sharp drop […]
GBP / USD rises above a June downtrend line, bulls aiming for 1.3600
The pound sterling advanced for the second day in a row, with a rise of 0.43%. The UK Prime Minister said England could handle the Omicron variant without re-imposing lockdown restrictions. US ADP national employment figures beat economists’ estimates, rising above 800,000. On Wednesday, the GBP Sterling advanced during the American session, trading at 1.3571 […]
MHRA approves Paxlovid, the pill for treating COVID-19
The UK Medicines and Healthcare Products Regulatory Agency (MHRA) announced on Friday that it has approved the COVID-19 oral antiviral Paxlovid, Reuters reported. The new combined treatment is for people with mild to moderate COVID-19, who are at high risk of developing serious disease. They caution that it is still too early to know if […]
GBP / USD recovers to the 1.3200 level as US Treasury yields decline.
GBP / USD is trading at 1.3225 at the time of writing. UK Brexit chief negotiator David Frost unexpectedly resigned on Saturday amid negotiations. Domestic political troubles in the US are fueling some USD weakness as Democratic Senator Munching backed off in support of US President Biden’s agenda. The British pound trimmed previous losses by […]
Cyprus: Restrictions for travelers from the United Kingdom
Self-restraint, PCR test on arrival, as well as rapid test in the 72 hours after their arrival in Cyprus announced the Ministry of Health of Cyprus, for all passengers entering from 18 December 2021 in the Republic of Cyprus from the United Kingdom, over 12 years and regardless of vaccination coverage or previous illness, due […]
Preliminary manufacturing PMI meets expectations and falls to 57.6 in December, its lowest level in 10 months
Markit’s preliminary UK manufacturing PMI index fell to 57.6 in December from 58.1 in November, matching the market’s expected result. This is its lowest level in three months. The Preliminary PMI for services has fallen to 53.2 from 58.5, disappointing the expected result of the consensus, which placed it at 57. This is the lowest […]
UK records record daily infection count at 78,610 from 59,600 on Tuesday
The The UK reported a record number of Covid-19 infections on Wednesday of 78,610, a jump of almost 20,000 from Tuesday’s 59,600 figure.. This has been the highest daily count since the onset of the pandemic, although it is worth noting that testing is more widespread in the UK than at any previous time, and […]
Hospitals could be overwhelmed in four weeks by the Omicron variant – the Sun
According to an article in the British newspaper The Sun, the UK Cabinet warned that UK hospitals could be overwhelmed in four weeks and some could be forced to close and turn patients away. Government ministers were warned that many of the country’s doctors and nurses could be ill by mid-January (with the new variant) […]
