Chaotic US Election Debate and Brexit News Drive GBP/USD Exchange Rate

US Dollar

Pound News: Sterling Focuses on Brexit with UK Growth Unsurprising Today’s UK growth report was a little better than projected, but still showed huge, unsurprising contractions in Q2. This did little to boost Pound appeal, leaving Sterling sensitive as investors await Brexit developments. The final round of UK-EU Brexit negotiations will end on Friday. If … Read more Chaotic US Election Debate and Brexit News Drive GBP/USD Exchange Rate

Second UK Lockdown Fears Hit Markets as UK Officials Sound Coronavirus Alarm

Pound Sterling

Pound News: Threat of New Restrictions Pushes Pound Lower In statements made today, UK medical officials signalled strongly that action must be taken to prevent Britain’s coronavirus situation from escalating significantly. This led to fears that the UK could see fresh nationwide lockdown measures, resulting big Pound losses today. Markets are now highly anticipating the … Read more Second UK Lockdown Fears Hit Markets as UK Officials Sound Coronavirus Alarm

US Dollar Struggles ahead of Federal Reserve Policy Decision

USD

Pound News: Sterling Sustains Recovery ahead of BoE Policy Decision The Pound is continuing to make a recovery this week on hopes that the UK government’s controversial Brexit plans will not succeed and a bullish mood, with some analysts suggesting the Pound was oversold last week. Sterling’s gains are limited, but it is finding some … Read more US Dollar Struggles ahead of Federal Reserve Policy Decision

Weekly Update: Pound Collapses amid Brexit Woes, US Dollar Strengthens in Jittery Trade

Pound Sterling

The Pound suffered a dramatic sell-off this week as Brexit jitters reached fever pitch amid fears trade talks could be jeopardised by the UK government’s plan to override part of the EU withdrawal agreement. Meanwhile, the US Dollar extended its recent recovery as skittish investors flocked to the currency in risk-off trade. Pound Collapses on … Read more Weekly Update: Pound Collapses amid Brexit Woes, US Dollar Strengthens in Jittery Trade

Euro Rockets on ECB Comments as No-Deal Brexit Fears Escalate

pound receeding

Pound News: Pound Plunges on EU Legal Warning The Pound continued to plummet today as UK-EU tensions escalated after the European Commission released a statement saying the internal markets bill has ‘seriously damaged trust’ between the two sides. Added to this, speculation increased that the UK could quit negotiations, pushing the Pound to a six-month … Read more Euro Rockets on ECB Comments as No-Deal Brexit Fears Escalate

UK Government’s Brexit Plans Shock Markets, Pound Plummets

Pound Sterling

Pound News: Revived No-Deal Brexit Fears Send Pound Plunging The pound plunged today after reports emerged that the UK government was preparing to override parts of the Brexit withdrawal agreement on Northern Ireland. Added to this, Boris Johnson indicated the UK would end Brexit trade talks on October 15th, if no progress is made. This … Read more UK Government’s Brexit Plans Shock Markets, Pound Plummets

US Dollar Rebounds as Australia Records First Recession in Decades

aus dollar australian recession

Pound News: Sterling Slips from Highs as Markets Await Bank of England Comments With a lack of notable UK data releases today, the Pound’s movement is being driven by profit taking. This led to GBP being sold from its highest levels ahead of key Bank of England (BoE) speeches in the coming days. While there … Read more US Dollar Rebounds as Australia Records First Recession in Decades

Weekly Update: US Dollar plunges as Fed Signals Changes to Inflation Targets, Euro Undermined by Coronavirus Resurgence

australian dollar strength

The US Dollar was on the back foot this week, after the Federal Reserve’s Jerome Powell signalled the US central bank will allow inflation to run hotter for longer. At the same time, the Euro was undermined by fears that Europe’s coronavirus resurgence is stifling the Eurozone’s economic recovery.   Pound Sterling Gains despite Brexit … Read more Weekly Update: US Dollar plunges as Fed Signals Changes to Inflation Targets, Euro Undermined by Coronavirus Resurgence

Brexit Concerns Fail to Weigh on the Pound

Pound Sterling

Pound News: Sterling Benefits as Investors Shrug Off Brexit Woes The Pound (GBP) held steady against many of its peers today after investors appeared to continue shrugging off Brexit gloom. This follows comments from Michel Barnier, the EU’s chief negotiator, who had complained about Downing Street’s lack of engagement on securing a post-Brexit trade deal. … Read more Brexit Concerns Fail to Weigh on the Pound