Pound News: Sterling Resilient Ahead of Employment and Growth Data The Pound’s movement was mixed for much of Monday’s session. The currency briefly attempted to gain on weakness in rival currencies but concerns over Britain’s coronavirus situation and job market limited gains. Pound investors are awaiting tomorrow’s UK job market report and unemployment rate data….(read more)

The Pound briefly struck a new multi-month high this week after the Bank of England predicted the UK’s downturn in 2020 will be less severe than initially suspected. Meanwhile, the USD selling bias persisted through the week as US lawmakers failed to reach an agreement on the next round of coronavirus stimulus.   Pound Sterling…(read more)

Pound News: Sterling Tumbles Ahead of Bank of England (BoE) Decision Investors have been selling the Pound back from its weekend highs this week. Concerns over UK coronavirus lockdown speculation, as well as anxiety ahead of tomorrow’s Bank of England (BoE) policy decision, are weighing on Sterling. The Bank of England (BoE) will hold its…(read more)

Pound News: Sterling Holding Ground on UK Coronavirus Hopes Last week saw the Pound surge across the board, as the currency capitalised on a plummeting US Dollar. Markets are reassessing their view of the UK government’s handling of the coronavirus pandemic to be a little more positive, which is also helping Sterling. No notable UK…(read more)

The Euro faced some pressure this week, with a record slump in Eurozone GDP taking some of the recent shine off the single currency. However, the US Dollar struggled even more this week, with trade characterised by a persistent USD sell-off, not helped by a plunge in US growth in the second quarter.   Pound…(read more)

Pound News: Sterling Benefits from Weaker Rival Currencies The Pound made gains today as it regained some losses against the Euro and continued edging higher against the US Dollar. Despite mixed UK data, the Pound rose thanks to weakness in the US Dollar as markets speculated that the UK’s economy is improving and there is…(read more)

Pound News: Sterling Floundering amid Lack of Drive The Pound was driven more by movement in rivals today, boosted by weakness in the US Dollar amid a lack of solid developments in the UK’s outlook. Last week’s Brexit jitters keep the Pound under pressure, while Sterling has retained most of its gains from Friday’s stronger-than-expected…(read more)

The Euro was the leading performer this week, with the single currency soaring higher as EU leaders reached an agreement on the EU’s coronavirus recovery fund. At the same time, optimism over the fund and hopes for a coronavirus vaccine sent the US Dollar tumbling.   Pound Sterling Undermined by Brexit Jitters GBP/EUR – Unchanged…(read more)

Pound News: Fresh No-Deal Brexit Fears Hit UK Headlines The Pound was hit by a new round of no-deal Brexit fears today. Reports emerged that suggested Britain’s government could be close to ‘giving up’ on a UK-EU Brexit deal. Some analysts suggested it is just a negotiation tactic, but the Pound tumbled regardless. The Confederation…(read more)

Pound News: Sterling Attempts Rebound Following Week of Losses The Pound attempted a modest recovery today, following losses on dire UK economic data last week. However, amid Britain’s gloomy coronavirus and Brexit outlooks, Sterling’s recovery attempts may be limited. Britain’s latest borrowing data will be published tomorrow. Borrowing would have to show a notable optimistic…(read more)