Last week’s high: C$1.7271 Last week’s low: C$1.6987   Brexit Uncertainty and Strong Canadian Data Knocks GBP/CAD from Highs The Pound to Canadian Dollar exchange rate climbed at the end of last week thanks to a combination of Brexit hopes and market risk-aversion, but the pair was unable to hold its best levels as the…(read more)

Last week’s high: $1.3093 Last week’s low: $1.2868 US Dollar Slides on US-China Tension The start of last week saw the GBP/USD exchange rate slip back from the $1.30 level as the UK saw both a weak construction and services PMI. Tuesday saw the release of the US non-manufacturing PMI for January, which slipped below…(read more)

  Pound News: Bank of England Comments and Brexit Speculation Extends Pound Recovery The Pound saw mixed movement yesterday but in the afternoon there was a jump in demand that helped it to recover much of the losses it had seen earlier in the week against major currency rivals. Investors were more willing to buy…(read more)

  Pound News: Sterling Edges Away from Weekly Lows on Brexit Delay Speculation The Pound has spent most of the week so far tumbling, as weaker UK data and Brexit uncertainties left investors anxious about the future of Britain’s economy. Sterling was able to rebound slightly against most major rivals yesterday though. Britain’s opposition Labour…(read more)

Pound News: UK Services Sector Near-Stagnant According to PMI Report Market appetite for the Pound lightened further yesterday as investors digested the latest UK services PMI report from Markit. The data indicated that Britain’s services sector had been virtually stagnant in January, coming in at 50.1 rather than the expected 51.0. Analysts are concerned that…(read more)

Pound News: UK Construction PMI Slumps and Keeps Sterling Unappealing Since no-deal Brexit fears returned last week, investors have had little reason to buy the Pound and this has caused the British currency to fall back from its highs over the past week. Recent UK data has done little to change that either. On Friday,…(read more)

Last week’s high: €1.1601 Last week’s low: €1.1378   GBP/EUR Exchange Rate Slips as Odds of No-Deal Brexit Rise Confidence in the Pound diminished over the course of the last week after MPs failed to pass an amendment ruling out a no-deal Brexit. As Parliament instead opted to reject the Irish backstop in favour of…(read more)

Last week’s high: C$1.7489 Last week’s low: C$1.7156   Pound Knocked by No-Deal Brexit Fears The Pound to Canadian Dollar exchange rate fell sharply last week as Sterling reeled due to fears of a no-deal Brexit being reignited after MPs rejected an amendment that sought to extend Article 50. Placing further pressure on GBP exchange…(read more)

Last week’s high: $1.3211 Last week’s low: $1.3054   Weak UK Data and Rise in US Jobs Rounds off Bearish Week for GBP/USD For most of the past week, investors sold the Pound as fears of a possible no-deal Brexit returned and the British currency fell from its best levels after surging in the middle…(read more)

  Last week’s high: A$1.8435 Last week’s low: A$1.7944   Pound Slumps as No-Deal Brexit Fears are Reignited The Pound to Australian Dollar exchange rate fell markedly last week as Sterling was hammered by fears that a no-deal Brexit was becoming increasingly likely following the vote in the House of Commons in which MPs approved…(read more)