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Currency News

Longer Brexit Delay Leaves Pound to Euro Weighed by Uncertainty

Written by Alastair Archbold on Monday, April 15, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1637 Last week’s low: €1.1554   GBP/EUR Strength Limited as Brexit Delay Leaves Pound Outlook Cloudy While demand for the Euro wasn’t particularly strong for most of last week, the Pound to Euro exchange rate still fell as the latest Brexit developments were unsurprising, but left the Pound with little in the…(read more)

Brexit Delay Offers Sterling Limited Relief While Central Bank News Drives Rivals

Written by Alastair Archbold on Thursday, April 11, 2019. Currency News - Sterling / EUR

Pound News: Pound Climbs as Brexit Delay to October is Agreed Despite a Brexit delay meaning a longer period of uncertainty for the whole process and Britain’s economic outlook, investors were still relieved when the latest delay was agreed as it meant that a no-deal would be avoided, for now. The UK and EU agreed…(read more)

GBP/EUR Exchange Rate Struggles as Brexit Deadlock Persists

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1754 Last week’s low: €1.1578   Lack of Brexit Progress Weighs Heavily on GBP/EUR Exchange Rate It was another volatile week for the GBP/EUR exchange rate as Parliament failed to break its Brexit deadlock. As MPs continued to reject any of the proposed alternatives to Theresa May’s already rejected plan the risk…(read more)

GBP/CAD Exchange Rate Rocked by Ongoing Brexit Uncertainty

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7610 Last week’s low: C$1.7340   Pound Rocked by Brexit Uncertainties Brexit continued to cast a long shadow over the Pound to Canadian Dollar exchange rate last week, with heightened uncertainty driving further volatility in the pairing. This initially saw Sterling spike in the first half of the week after Theresa May…(read more)

Brexit Uncertainties and Signs of US Economic Resilience Knock GBP/USD Gains

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / USD

Last week’s high: $1.3188 Last week’s low:   $1.3012   GBP/USD Fails to Sustain Gains as Late-Week News Supports US Dollar Strength For much of last week, the Pound to US Dollar exchange rate trended higher as investors reacted to hopes that the UK could edge towards a softer outcome for Brexit, while the US Dollar…(read more)

GBP/AUD Fluctuates as Brexit Limbo Hampers Pound

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / AUD

Last week’s high: $1.88302 Last week’s low: $1.72951   Australian Dollar Gains against Sterling Plagued by Brexit Uncertainty The Pound Australian Dollar exchange rate fluctuated wildly last week following the second round of ‘indicative votes’, which were once again entirely rejected by Parliament. This left the Pound hanging at the beginning of the week, as…(read more)

Parliament Passes Vote to Avoid No-Deal Brexit

Written by James Spurway on Thursday, April 4, 2019. Currency News - Sterling / EUR

Pound News: Pound Firms on Fresh Hopes that No-Deal Brexit Will Be Avoided Despite a lack of direction in the Brexit process, the Pound firmed and was able to avoid losses yesterday thanks to fresh news bolstering hopes that a no-deal Brexit could be prevented, and that a general election was becoming less likely. UK…(read more)

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