The pound got a strong boost against its rivals when Bank of England (BoE) Governor Mark Carney confirmed that talks were ongoing with the Treasury regarding an extension of his term. Meanwhile some better-than-expected US growth data encouraged the US dollar to extend its bullish run as the impact of Trump’s trade policies remains to [...] Read more about: "Expectation of extended term for BoE governor benefits pound"
Comments from chief EU negotiator Michel Barnier prompted the pound to surge higher across the board last week, with investors betting on the odds of a softer form of Brexit. This relief proved short-lived, however, as Barnier later clarified that the EU’s red lines have not changed and that the prospect of a no-deal Brexit [...] Read more about: "Barnier comments prompt fresh Brexit volatility for pound"
Brexit worries picked up once again during the course of the last week, with the deadline for the conclusion of withdrawal treaty talks pushed back from October to November. In the wake of the bank holiday weekend the pound still looks a little sluggish, maintaining its downside bias against both the euro and US dollar. [...] Read more about: "‘No-deal’ Brexit fears drive pound lower"
Trade in the pound was mixed last week as renewed confidence of an August rate hike from the Bank of England was offset by a blurry outlook regarding Brexit. The mixed trade in Sterling looks set to continue at the start of this week as GBP/EUR slides to €1.1224, while GBP/USD edges up to US$1.3109. [...] Read more about: "Pound fluctuates on mixed Brexit outlook"
Pound plunges as soft UK data drags on BoE rate expectations The pound was hit by considerable losses last week as a run of soft UK economic data drove the currency lower on fears it could prevent the Bank of England (BoE) from raising interest rates next month. Meanwhile the start of this week looks [...] Read more about: "Pound plunges"
It was another week of volatility for many currencies last week, with the market continuing to be dominated by an escalation in global trade tensions.
Read more about: "Trade Wars Rock Currency Markets"
It was another week of volatility for currencies last week, with the pound showing some movement in the wake of the rate decision form the Bank of England
Read more about: "Bank of England’s latest rate decision"
Pound volatile on Brexit uncertainty, ECB speculation bolsters euro Trade in the pound was mixed during last week’s session as some upbeat UK economic data was met by growing Brexit uncertainty. Sterling continues to struggle this week as well, with GBP/EUR tumbling to €1.1367 and GBP/USD sliding to US$1.3406. Looking ahead, the Federal Reserve and [...] Read more about: "Pound volatile on Brexit uncertainty"
The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.
Read more about: "The Pound Weakens"
