Pound News: Brexit and Coronavirus Crises Deepen The Pound plunged across the board today. A lack of a Brexit deal with less than 10 days until the end of the transition period was only part of this. Reports of a new, faster-spreading coronavirus strain in England has led to stricter lockdowns and fears of months … Read more New Coronavirus Strain and Infection Surges Send Markets into Fresh Panic
The Pound hit a 31-month high against the US Dollar this week, driven by optimism for a Brexit trade deal and a risk-on mood, before retreating at the end of the week. Meanwhile, the US dollar extended its losses, plummeting to a two-and-a-half year low as upbeat trade eroded demand for safe-haven USD. Pound Climbs … Read more Weekly Update: Pound Soars before Brexit Hopes Dented
Pound News: Hopes for Brexit Deal Rise, Boosting Pound Investors bought into the Pound at the start of today’s session on reports that progress is being made on sticking issues in UK-EU Brexit negotiations after European Commission President Ursula von der Leyen said there was a path to a deal. This Brexit optimism overshadowed the … Read more Brexit Deal Hopes Bring Another Rebound in Volatile Pound
Pound News: Extended Brexit Talks Boost Sterling The Pound has bounced back from lows this morning, clawing back some of last week’s losses. Sterling bounced as investors reacted to news that UK-EU Brexit negotiations would be extended beyond last week’s self-imposed deadline. Britain’s November job market report will be published tomorrow. While this is a … Read more Brexit Talks Extended Once Again, Pound Rebounds
Pound News: Sterling Boosted as Brexit Deal Hopes Return The Pound (GBP) rose against many of its peers today on renewed optimism in UK-EU Brexit trade talks ahead of Boris Johnson’s visit to Brussels. Downing Street has agreed on implementing the Northern Ireland protocol while also finding a consensus on fishing rights. As a result, … Read more Pound Rises as Boris Johnson Travels to Brussels
Pound News: No-Deal Brexit Fears Throttle Sterling The Pound was hit lower against many major rivals today. A lack of a breakthrough on Brexit negotiations over the weekend has left the Pound tumbling as no-deal Brexit fears worsen. In addition, reports that EU Chief Negotiator Michel Barnier is pessimistic over the Brexit outlook made in … Read more Sterling Slumps on No-Deal Brexit Anxiety
Trade in the Pound was extremely erratic over the past week, as heightened Brexit uncertainty rocked the currency. At the same time, the US Dollar suffered a clear selling bias this week, with improving market sentiment plunging the safe-haven currency to new multi-year lows. Pound Rocked by Brexit Drama GBP/EUR – Unchanged on the week’s … Read more Weekly Update: Pound Swings amid Brexit Drama, USD Plunges to Multi-Year Lows
Pound News: Sterling Gains on Brexit Hopes The Pound strengthened today on Brexit optimism to recover some of yesterday’s losses as Ireland’s Foreign Minister Simon Coveney and the UK’s Education Secretary Gavin Williamson appeared hopeful for a UK-EU trade agreement. Sterling found further support from news that the UK services PMI had printed even better … Read more US Dollar Extends Losses in Risk-On Trade
Pound News: Brexit Steady amid Brexit Uncertainty Speculation over whether or not the UK and EU will reach a deal on Brexit before the end of the Brexit transition period is intensifying. The Pound made some modest gains on Monday on comments from UK Foreign Secretary Dominac Raab that an agreement on fisheries ‘ought’ to … Read more UK-EU Brexit Deal Uncertainty Intensifies
Yet another coronavirus vaccine announcement brought more cheer to the currency market this week, driving risk-sensitive currencies higher and leaving the US Dollar in the dust. At the same time, the Pound retreated from a two-week high as the UK currency fell victim to fresh Brexit uncertainty. Pound Slips from Two-Month High on Brexit Anxiety … Read more Weekly Update: Vaccine News Buoys Market Sentiment as Pound Stumbles from Highs