{"id":72421,"date":"2021-01-08T14:38:11","date_gmt":"2021-01-08T14:38:11","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72421"},"modified":"2021-01-08T14:38:13","modified_gmt":"2021-01-08T14:38:13","slug":"sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/","title":{"rendered":"Sterling struggles to regain 2-1\/2-year peak as new lockdown weighs"},"content":{"rendered":"\n

The British pound steadied on Tuesday but held well below a more than 2-1\/2-year high of $1.37 hit in the previous session, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union.<\/p>\n\n\n\n

Prime Minister Boris Johnson ordered England into another national lockdown to contain a surge in COVID-19 cases that threatens to overwhelm parts of the health system before a vaccine programme reaches a critical mass.<\/p>\n\n\n\n

The new measures, which could cost about 10% of economic output for as long as they last according to some analysts, deflated any lingering bullishness around the British currency and sent it tumbling 1% from its highest levels since May 2018.<\/p>\n\n\n\n

\u201cThe pound has failed to display much of a relief rally in the wake of the pre-Christmas trade deal between the UK and the EU, with the rise of COVID-19 cases and greater restrictions on the UK economy becoming a concern,\u201d Rabobank strategists said.<\/p>\n\n\n\n

To find out more about how we can assist you with your Second Charge Mortgage please click here<\/a><\/em><\/p>\n\n\n\n

In late London trading, the pound was changing hands at $1.3593, up 0.3% versus a broadly weaker dollar. Against the euro, the pound was broadly flat at 90 pence.<\/p>\n\n\n\n

The expected hit to the economy heaped expectations on the Bank of England to announce more policy easing.<\/p>\n\n\n\n

Money markets now expect the central bank to cut benchmark interest rates as early as May, compared with an August estimate just after the Brexit deal was struck.<\/p>\n\n\n\n

The pound had strengthened against both the dollar and euro after the Dec. 24 Brexit trade deal, which set rules for fishing, agriculture and other industries.<\/p>\n\n\n\n

But despite the pound\u2019s gains in recent days, market participants are not bullish on the currency\u2019s prospects. Net long bets on the pound against the dollar are a fraction of what they were at their 2020 highs.<\/p>\n\n\n\n

Moreover, though bullish pound bets have registered a fourth consecutive week of gains, the size of the gains in the latest week is far smaller than previous weeks.<\/p>\n\n\n\n

Reporting by Saikat Chatterjee<\/em><\/p>\n\n\n\n

Source: UK Reuters<\/a><\/p>\n\n\n\n

Discover our Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The British pound steadied on Tuesday but held well below a more than 2-1\/2-year high of $1.37 hit in the previous session, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union. Prime Minister Boris Johnson ordered England into another national lockdown to contain a surge in COVID-19 cases that […]<\/p>\n","protected":false},"author":1,"featured_media":72255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2110,2135,2104],"yst_prominent_words":[538,753,1208,1330,500,1252,231,1194,33,111],"acf":[],"yoast_head":"\nSterling struggles to regain 2-1\/2-year peak as new lockdown weighs<\/title>\n<meta name=\"description\" content=\"The British pound steadied on Tuesday but held well below a more than 2-1\/2-year high of $1.37 hit in the previous session, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling struggles to regain 2-1\/2-year peak as new lockdown weighs\" \/>\n<meta property=\"og:description\" content=\"The British pound steadied on Tuesday but held well below a more than 2-1\/2-year high of $1.37 hit in the previous session, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Charge Mortgage UK\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-08T14:38:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-08T14:38:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/dollar-3223246_1920-1024x768.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\",\"name\":\"UK Mortgage Broker\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/01\/transparent.png\",\"width\":726,\"height\":334,\"caption\":\"UK Mortgage Broker\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Second Charge Mortgage UK\",\"description\":\"Mortgage Solutions for Clients with Adverse Credit\",\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/secondchargemortgageuk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/dollar-3223246_1920.png\",\"width\":1920,\"height\":1440,\"caption\":\"UK business output UK recovery Covid lockdowns FTSE 100 UK GDP Almost half UK economy Sterling Furlough redundancy UK economy UK economic growth\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#webpage\",\"url\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\",\"name\":\"Sterling struggles to regain 2-1\/2-year peak as new lockdown weighs\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#primaryimage\"},\"datePublished\":\"2021-01-08T14:38:11+00:00\",\"dateModified\":\"2021-01-08T14:38:13+00:00\",\"description\":\"The British pound steadied on Tuesday but held well below a more than 2-1\/2-year high of $1.37 hit in the previous session, as a new lockdown deflated optimism from a post-Brexit trade deal with the European Union.\",\"breadcrumb\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/\",\"name\":\"Sterling struggles to regain 2-1\/2-year peak as new lockdown weighs\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#webpage\"},\"author\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\"},\"headline\":\"Sterling struggles to regain 2-1\/2-year peak as new lockdown weighs\",\"datePublished\":\"2021-01-08T14:38:11+00:00\",\"dateModified\":\"2021-01-08T14:38:13+00:00\",\"commentCount\":0,\"mainEntityOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#primaryimage\"},\"keywords\":\"British pound,new lockdown,Sterling\",\"articleSection\":\"Second Charge Mortgage UK\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/sterling-struggles-to-regain-2-1-2-year-peak-as-new-lockdown-weighs\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58097a1900583ccc6a78711c63c1b8f7?s=96&d=mm&r=g\",\"caption\":\"Marketing\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72421"}],"collection":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/comments?post=72421"}],"version-history":[{"count":1,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72421\/revisions"}],"predecessor-version":[{"id":72422,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72421\/revisions\/72422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media\/72255"}],"wp:attachment":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media?parent=72421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/categories?post=72421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/tags?post=72421"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/yst_prominent_words?post=72421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}