Pound (GBP) News: Sterling Slides Following Days of Strong Performance The Pound (GBP) advanced in the first half of the week, triggering some profit-taking yesterday. Hopes that a no-deal Brexit might be avoided continued to support the currency however. While UK politics was a little quieter yesterday, political and Brexit developments are still most likely…(read more)

Pound News: Brexit Hopes Buoy Sterling as Scottish Court Rules on Parliament Prorogation The Pound sustained most of its gains today amidst rising Brexit optimism. Judges in Scotland’s highest court offered support to Sterling when they found the prorogation of British parliament unlawful. The news is likely to drive Pound movement into next week as…(read more)

Pound News: UK Job Report Supports Sterling despite Political Uncertainty Britain’s July job market report beat expectations in some key prints yesterday, helping the Pound (GBP) to hold its ground despite concerns over a narrowing labour market. News that the British government is willing to negotiate a new deal with the European Union failed to…(read more)

Pound News: Sterling Jumps as UK Recession Fears Lighten The Pound surged yesterday despite prevailing rumours UK Prime Minister Boris Johnson still intends to force through a no-deal Brexit. Sterling gains came on the back of stronger-than-forecast UK growth data which doused fears for an imminent UK recession. Britain’s latest job market report will contribute…(read more)

Last week’s high: $1.2346 Last week’s low: $1.1967 Softening Brexit Fears see Pound to US Dollar Rebound from Decade Worst No-deal Brexit fears briefly intensified in the first half of last week with the Pound to US Dollar exchange rate touching on its worst level in a decade. Efforts to prevent a no-deal Brexit along…(read more)

Last week’s high: AU$1.8101 Last week’s low: AU$1.7807 Pound Rallies from Lows as No-Deal Fears Fade The Pound to Australian Dollar exchange rate traded in a wide range last week in response to an increasingly fractious mood in UK politics. Political uncertainty initially drove GBP exchange rates lower but Sterling rallied mid-week as Boris Johnson…(read more)

Last week’s high: €1.1176 Last week’s low: €1.0939 Signs of German Weakness Dent Euro Appeal Confidence in the German economy continued to deteriorate last week following disappointing factory orders and industrial production figures for July. With the industrial sector in a persisting state of contraction at the start of the third quarter, the risk for…(read more)

Canadian Dollar Buffers Losses as BoC Holds Interest Rates The Pound Canadian Dollar exchange rate edged higher last week as an anti no-deal bill was passed through parliament, buoying optimism in the British economy and easing Brexit fears. Tuesday’s UK Markit Construction PMI for August fell deeper into contraction territory, weighing on market confidence in…(read more)

Pound News: Hopes for Blocked No-Deal Brexit Spurs Sterling Rebound Diminishing fears the British government could be driving the UK towards a no-deal Brexit saw the Pound make a strong recovery yesterday. MPs pushing to prevent a no-deal outcome in parliament rejuvenated investor confidence, but the Prime Minister’s persisting calls for a snap general election…(read more)

Pound News: No-Deal Brexit Fears Ease/Election Fears Rise as Sterling Fluctuates As UK Parliament reconvened yesterday for a week of expected Brexit chaos, Sterling reacted with volatility. The Pound enjoyed an initial boost as opposition MPs regained control of parliament and successfully tabled a bill intended to delay a no-deal Brexit. However, Prime Minister Boris…(read more)