Pound News: Sterling Benefits from Stronger Retail Sales Stats While concerns about a UK-EU Brexit negotiation deadlock regarding the issue of the Irish border continue to limit the Pound’s strength, Thursday’s UK data was impressive enough to help the British currency climb versus major rivals. UK retail sales were projected to slump -0.2% month-on-month and…(read more)

Pound News: Brexit Jitters Worsen as UK PM Rejects EU Offer on Irish Border Concerns that UK-EU Brexit negotiations could be trapped in another deadlock over the issue of the Irish border caused the Pound to weaken on Wednesday. Theresa May has reportedly rejected EU Chief Negotiator Michel Barnier’s proposal for an improved plan on…(read more)

Pound News: Investors Hesitant to Keep Buying Sterling The Pound fell back slightly against many major rivals on Tuesday with the British currency lacking the drive to continue climbing. Due to a dearth of notable UK ecostats or Brexit developments, investors are anticipating news later in the week before making any major moves on Sterling….(read more)

Pound News: Sterling Steady as More Brexit Developments Expected A lack of noteworthy UK economic or political news on Monday did little to prevent the Pound from holding most of its recent gains against currency rivals. As analysts speculate there could be major Brexit developments at Thursday’s upcoming EU summit, the Pound has been holding…(read more)

Last week’s high: $1.3132 Last week’s low: $1.2901 US Dollar Resilience Fades as Trade Jitters Abate Slightly The Pound to US Dollar exchange rate saw significant gains last week due to numerous factors both domestic and global. The primary cause of Pound strength throughout the week was comments from EU Chief Negotiator Michel Barnier, who…(read more)

Last week’s high: AU$1.8361 Last week’s low: AU$1.8115 GBP/AUD Recap: Volatility on Brexit Forecasts The Pound ultimately rose against the Australian Dollar last week, but there was significant GBP/AUD volatility due to some statements about Brexit. EU Chief Negotiator Michel Barnier triggered a GBP rally when he predicted concluding Brexit talks by November, while European…(read more)

Last week’s high: C$1.7180 Last week’s low: C$1.6926 Pound Mixed Following Brexit, BoE Developments The Pound Canadian Dollar exchange rate was hit by some volatility last week as markets reacted to the latest Brexit news, the Bank of England’s latest policy meeting and a marked rise in oil prices. In terms of Brexit, Sterling found…(read more)

Last week’s high: €1.1247 Last week’s low: €1.1163 ECB Commitment to Tightening Policy Shores up Euro As the European Central Bank (ECB) cemented its commitment to halve the value of its asset purchases when it meets in October the mood towards the Euro improved. Even though the ECB revised down its growth forecasts for 2018…(read more)

Pound News: Sterling Static after BoE Decision Investors had little reason to move on the Pound on Thursday, as this week’s Brexit news continued to offer the British currency some support while the latest Bank of England (BoE) news had little impact. This left Sterling to be driven by the strength of major rivals instead. As was widely expected, the…(read more)

Pound News: Sterling Steady Ahead of Bank of England (BoE) Decision Investors had little reason to move on the Pound on Wednesday. The currency continued to be supported by this week’s Brexit comments from EU Chief Negotiator Michel Barnier, but pressured by disappointment over Bank of England (BoE) Governor Carney’s short term extension. As UK…(read more)