Pound News: Sterling Remains Unappealing as UK Inflation Fails to Impress Due to reports that cross-party talks are stalling, hopes of a quick resolution to Britain’s Brexit deadlock have faded and this has left the Pound unappealing overall this week. As a result, the British currency saw limp movement yesterday. Sterling saw no notable shift…(read more)

Pound News: Sterling Movement Limited by Stalling Brexit Talks After a slight rebound from last week’s losses on Monday, the Pound’s movement was more mixed and modest yesterday as investors took a break from the currency. Volatility in the Pound has dropped to its lowest levels in 16 months since the Brexit delay was announced,…(read more)

  Pound News: Pound Rebounds after Week of Brexit Uncertainties Amid a lack of major developments yesterday, the Pound rebounded slightly as investors digested last week’s news and prepared for the week ahead. While last week’s news of a six-month Brexit delay left investors concerned about further months of economic uncertainty in Britain, some investors…(read more)

Last week’s high: AU$1.8428 Last week’s low: AU$1.8246   Pound Volatility Fades as UK Avoids No-Deal Brexit, for Now Trade in the Pound Australian Dollar exchange rate was notably more subdued last week, with the pairing not experiencing the dramatic swings seen in recent weeks as Brexit was delayed by another six months. However despite…(read more)

Last week’s high: $1.7513 Last week’s low: $1.7350   Canadian Dollar Reacts to Global Trade Fears and Oil price The Pound Canadian Dollar (GBP/CAD) fluctuated last week as Brexit took a number of important turns, and, on Wednesday, was granted a six-month delay by the EU. The first part of the sessions saw the Canadian…(read more)

Last week’s high: $1.3118 Last week’s low: $1.3000   Fresh Brexit Deadline Extension Offers Limited Support to GBP/USD Exchange Rate Anxiety over Brexit saw the GBP/USD exchange rate remain under pressure last week, even after EU leaders agreed a fresh extension of the exit deadline. While the Article 50 deadline was pushed back to the…(read more)

Last week’s high: €1.1637 Last week’s low: €1.1554   GBP/EUR Strength Limited as Brexit Delay Leaves Pound Outlook Cloudy While demand for the Euro wasn’t particularly strong for most of last week, the Pound to Euro exchange rate still fell as the latest Brexit developments were unsurprising, but left the Pound with little in the…(read more)

Pound News: Brexit October Delay Leaves Pound Limp On Wednesday night, the UK finally secured a second delay to the formal Brexit date from the EU. Britain is now set to leave the EU on the 31st of October, unless an agreement is reached before then which would allow Brexit to occur earlier. Demand for…(read more)

Pound News: Pound Climbs as Brexit Delay to October is Agreed Despite a Brexit delay meaning a longer period of uncertainty for the whole process and Britain’s economic outlook, investors were still relieved when the latest delay was agreed as it meant that a no-deal would be avoided, for now. The UK and EU agreed…(read more)

Pound News: Could a Long Brexit Delay be Confirmed? Demand for the Pound was volatile yesterday, as investors awaited news of a Brexit delay, with the process hanging in the balance. Fears that the UK could see a no-deal Brexit at the end of the week kept pressure on the British currency. Throughout the day,…(read more)