Pound News: Mixed Moves on UK Data and Bank of England Developments Sterling was able to keep most of Monday’s Brexit-inspired gains as the week continued, but the British currency was knocked slightly from its best levels as investors digested the latest Bank of England (BoE) news. The BoE confirmed that BoE Governor Mark Carney’s…(read more)

Pound News: Pound Bullish on Signs of Brexit Progress Most of the Pound’s gains last week came about as a result of comments from EU Chief Negotiator Michel Barnier, regarding progress in UK-EU negotiations. Barnier gave the Pound yet another boost on Monday, as he said it would be ‘realistic’ to expect that a UK-EU deal could be reached within the…(read more)

Last week’s high: AU$1.8131 Last week’s low: AU$1.7788 Australian Dollar Hit by Emerging Market Fears The Pound Australian Dollar exchange rate surged higher last week as the ‘Aussie’ got caught up in a broad sell-off of emerging market currencies. However Sterling initially got off to a weak start as some lacklustre UK PMI readings and…(read more)

Last week’s high: €1.1210 Last week’s low: €1.1059 Weaker Eurozone PMIs Weigh Heavily on Euro Exchange Rates Some unexpected downward revisions to August’s raft of Eurozone PMIs left the Euro on a generally weaker footing over the course of the week. While both the manufacturing and service sectors remained firmly in growth territory, the loss…(read more)

Last week’s high: $1.3017 Last week’s low: $1.2798 US Non-Farm Payrolls Support US Dollar, as Sterling Bolstered by Brexit Speculation All in all, the Pound to US Dollar exchange rate didn’t see much change in value throughout the last week. The US Dollar easily climbed against a Brexit-battered Pound in the first half of the…(read more)

Last week’s high: C$1.7105 Last week’s low: C$1.6800 High Hopes for Brexit Deal Boosts GBP/CAD Exchange Rate Last Week The Pound made stop-and-start gains against the Canadian Dollar last week, opening trading at CA$1.6879 and closing higher at CA$1.7041. A higher UK services PMI provided some support, but the main drivers of GBP demand were…(read more)

Pound News: Hopes for Smoother Brexit Talks Keeps Sterling Afloat Despite a lack of fresh Brexit developments or UK political news on Thursday, the Pound held firm against most major currencies as Wednesday’s Brexit news kept markets relatively optimistic. On Wednesday, a report suggested that Germany and the UK had softened stances on some of…(read more)

Pound News: Could UK and Germany Drop Key Brexit Demands? The Pound briefly surged on Wednesday afternoon after Bloomberg reported that the UK and Germany had dropped some major sticking points and disagreements in Brexit negotiations. The report indicated that the nations were more willing to accept a less-detailed agreement rather than allowing negotiations to…(read more)

Pound News: Brexit-Inspired Selloff Eases on Bank of England (BoE) Speculation The Pound’s latest Brexit-inspired tumble was short-lived, as the Pound steadied on Tuesday thanks to speculation that Bank of England (BoE) Governor Mark Carney’s term could be extended beyond his originally planned end-date of 2019. Carney indicated that he would be willing to stay…(read more)

Pound News: Disagreements in Brexit Talks Keep Pressure on Sterling Last week’s boost in hopes for a closer post-Brexit agreement between the UK and EU was short-lived, and the Pound spent much of Monday shedding some of the gains it made last week. EU Chief Negotiator Michel Barnier said there were key parts of the…(read more)