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Expert market insight and updates to help you navigate the ever changing global currency markets.
Ebury acquires Prime Financial Markets and establishes presence in Africa
Ebury acquires South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space
The dollar edged higher against its peers as investors await details of President-elect Joe Biden’s long-awaited US fiscal stimulus plans.
Sterling jumped against its major peers on Tuesday as Bank of England governor Bailey talked down the need for negative interest rates in the UK.
Last week’s chaotic scenes in Washington failed to trigger much reaction in financial markets. Investors are instead focusing on the latest COVID numbers and progress towards mass vaccinations.
One of the main talking points among the countries of the G3 currencies has been the divergence in new virus caseloads that we’ve witnessed between the US and Europe. Read on to find out what to expect from US dollar, Euro and Sterling this year.
We are delighted to announce that Ebury has soared to the top of Bloomberg’s forecast rankings for the key EUR/USD pair! Ebury was named as the most accurate forecaster for EUR/USD in the fourth quarter of 2020, having been named as the second most accurate forecaster in Q3.
The US dollar languished around multi-year lows on Thursday following the runoff Senate elections in Georgia and yesterday’s chaos on Capitol Hill.
Sterling gave up much of its gains on Monday as the UK was plunged into fresh national lockdowns in an attempt to rein in spiralling rates of virus infection.
The dollar continued to lose ground versus its peers last week following a dovish message from the Federal Reserve. Sterling also sold-off sharply during Asian trading amid news of a new virus strain in the UK.