The Pound roared higher this week as markets welcomed news that UK-EU trade talks will resume, lifting hopes a no-deal Brexit can still be avoided.
At the same time, a clear USD selling bias emerged as renewed US stimulus optimism knocked demand for the safe-haven currency.
Pound News: Comments from UK and EU Officials Boost Brexit Hopes The Brexit rollercoaster continues today. EU Brexit Negotiator Michel Barnier made comments that were seen as optimistic by markets and even UK negotiators, which boosted Sterling. The Pound pushed even higher later in the day following breaking news reports from Bloomberg that UK-EU talks … Read more Pound Soars on Brexit Optimism
Pound News: Bets of Brexit Deal Boosting Sterling despite Hard Stances The Pound is gaining today, on bets that the UK and EU could still reach some kind of Brexit deal in the coming weeks. This is despite the UK government saying that it will walk away from talks unless the EU makes concessions on … Read more China’s Economic Rebound and Brexit Hopes Boost Market Sentiment
Concerns over surging global coronavirus infections and stricter restrictions in Europe weighed heavily on market sentiment this week, spurring the US Dollar higher. Meanwhile, the Pound faced further volatility this week in response to heightened Brexit uncertainty and new coronavirus restrictions in the UK. Pound Fluctuates on Brexit Uncertainty GBP/EUR – Unchanged on the week’s … Read more Weekly Update: US Dollar Soars as Markets Rocked by Coronavirus Jitters, Pound Undermined by Rising Brexit Uncertainty
Pound News: Pound Strengthens as National Lockdown Ruled Out and Brexit Talks to Continue The Pound made solid gains today as UK Prime Minister talked down the possibility of a second national lockdown. Added to this, reports that the UK won’t walk away from UK-EU Brexit trade talks despite the upcoming self-imposed lockdown gave Sterling … Read more Pound Buoyed as Brexit Talks Continue and National Lockdown Ruled Out
Pound News: Sterling Holding Ground as Markets Await Coronavirus Restrictions The Pound is steady today in anticipation of the UK government’s expected new coronavirus tier restriction system later, but the outlook remains filled with uncertainties. Reaction to coronavirus developments, as well as potential Brexit developments later in the week will be the focus for the … Read more Pound Sensitive to Coronavirus and Brexit News as US Political Uncertainty Persists
Mixed expectations for the next US stimulus package was a significant source of volatility this week, prompting some swings in not just the US Dollar but many of its peers as well. Meanwhile, the Pound experienced volatility this week amid conflicting reports over the state of post-Brexit trade talks between the UK and EU. Pound … Read more US Stimulus Headlines Stoke US Dollar Volatility, Pound Struggles amid Heightened Brexit Uncertainty
Pound News: Sterling Gains Limited despite Brexit Hopes The Pound attempted to advance today, on hopes that UK-EU Brexit relations were improving and a deal was within reach. However, uncertainty persists and the Pound’s appeal has been limited, due to a lack of solid optimistic developments and fears of new Covid-19 restrictions as cases continue … Read more US Dollar Safe-Haven Demand Limited despite Global Political Uncertainties
Pound News: Sterling Under Pressure despite Brexit Hopes The Pound was mixed against its rivals today, despite Boris Johnson and European Commission President Ursula von der Leyen agreeing to extend the Brexit negotiations for another month at the weekend. The UK-EU talks extension boosted hopes that the two sides will come to an agreement before … Read more Euro Supported in Upbeat Trade after Last Week’s Volatility
The Pound traded in a wide range this week, fluctuating wildly on conflicting Brexit headlines emerging from the UK and EU. At the same time, the US Dollar declined through the week as market sentiment improved. However, Donald Trump’s positive coronavirus test and hopes fading of US stimulus passing US Congress has started to lift … Read more Brexit Headlines Drive Pound Volatility, Trump Covid-19 News Boosts Safe-Haven US Dollar