• Bluestone Currency

WEEKLY MARKET REPORT 06/08/2020



The British Pound went higher against the Euro, Dollar and other currencies following the release of the Bank of England's August policy statement that revealed the Monetary Policy Committee opted to keep interest rates and quantitative easing unchanged by an unanimous vote, while on balance policy makers struck a decidedly 'less dovish' tone than markets had been expecting.


Sterling is coming off the back of its strongest July since 1990, thanks to a weakening dollar. It has made up for its losses since Covid-19 led to lockdowns in March, when the currency nosedived to its lowest level in 35 years and policy makers rushed to slash interest rates.

1 view0 comments

Recent Posts

See All

© 2020 Bluestone Currency

  • Instagram
  • Facebook
  • LinkedIn

Bluestone Currency’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Bluestone Currency is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Limited is registered with the Information Commissioner's Office, with registration number: ZA345828.

All testimonials, reviews and opinions presented on our website are applicable only to those individuals named, may not be a representative experience of others and cannot be independently verified. Results will vary and we do not take responsibility for any testimonials, reviews and opinions as the information cannot be independently verified. Customers agree to proceed at their own risk.