The pound traded in a wide range last week as growing fears of a no-deal Brexit saw the UK currency collapse. GBP later clawed back some of its losses thanks to some upbeat data, but Sterling is back on the defensive at start of this week, with GBP/EUR dipping to €1.1107 and GBP/USD sliding to [...]

Stability Report encouraged the pound to recover some of its lost ground ahead of the weekend, in spite of lingering Brexit-based uncertainty.

A trio of underwhelming UK PMIs prompted the pound to slump sharply last week as investors bet on the prospect of a second quarter growth contraction. Worries over the health of the Eurozone economy also picked up in the face of a sharp fall in German factory orders, leaving the euro under pressure. Friday’s stronger-than-expected [...]

The pound put on a poor performance last week, with investors focused on Boris and Brexit. However, it wasn’t plain sailing for the euro or US dollar either as both currencies came up against their own headwinds. The pound hit new multi-month lows against the euro and US dollar last week as political uncertainty and [...]