Currency round-up webinar: September 2020

Currency round-up webinar: September 2020

One step forward, one step back for sterling

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Watch our 'September monthly currency round-up' webinar

As children across the country headed back to school, September was a month of ups and downs for the UK and for sterling. GDP figures for July continued the economic recovery as the house price index climbed to 3.7%, the largest gain since 2004. Coupled with the USA’s pandemic and election struggles, GBP/USD rose to a 2020 high, while sterling initially held strong against a Eurozone falling into deflation for the first time in 4 years.

Challenges sterling faced, however, included deadlock over Brexit negotiations, the government’s overriding of the Withdrawal Agreement, a second wave of coronaviruses cases continuing to rise and a fresh set of restrictions put in place across the country.

Discover the highs and lows of the FX market in September in more detail, also covering:

  • Brexit trade talks
  • The UK’s overriding of the Brexit Withdrawal Agreement
  • Rishi Sunak’s announcement of Winter Economic Plan and job support scheme
  • BOE’s holding of the interest rate and quantitative easing
  • The US election race

 

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