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Pound retreats on renewed Brexit doubts

With renewed uncertainty over the chances of a UK-EU post-Brexit trade agreement, the appeal of the pound diminished this week.

Pound capped by Brexit uncertainty as vaccine optimism grows

Weaker-than-expected monthly UK GDP reading left the pound on a weaker footing against its rivals. ECB looks set to enact fresh monetary loosening measures

Pound hits two-month high amid vaccine optimism

The pound strengthened as coronavirus vaccine hopes, Brexit optimism and fading chances of negative interest rates boosted Sterling.

Pound rocked by Brexit woes

US dollar rebounds from two-week low amid growth concerns The pound fluctuated through last week’s session, experiencing volatility in response to the latest Brexit developments and some mixed data. At the same time, after initially tumbling to a fresh two-year low, the US dollar mounted a convincing recovery as jitters over global growth buoyed the [...] Read more about: "Pound rocked by Brexit woes"

Pound could stumble after growth data

Sterling was pressured lower after Chancellor Rishi Sunak signalled that there wouldn’t be an extension to the government’s furlough scheme.

euro continues to 20 month high

Meanwhile, the euro surged on optimism of the EU’s recovery fund and benefited from weakness in the US dollar to hit a 20-month high.

Pound rallies on new stimulus package

The pound extended its recovery into a second week last week, with the announcement of a new stimulus package aimed at protecting jobs helping to buoy Sterling sentiment. At the same time, the euro faced a setback last week, as the European Commission slashed its growth forecast for the Eurozone and warned there are 'exceptionally [...] Read more about: "Pound rallies on new stimulus package"

Pound rallies from three-month low

The pound struck higher through last week's session, rallying from a three-month low against the euro in response to an improving market mood and a correction in currency markets at the end of the second quarter. At the same time, the US dollar was placed on the back foot last week as hopes for the [...] Read more about: "Pound rallies from three-month low"

Pound sinks on Brexit uncertainty and second wave fears

The pound trended lower against the majority of its peers again last week as a combination of Brexit uncertainty and concerns over a second wave of coronavirus infections weighed on Sterling sentiment. At the same time, the US dollar bounced back from some initial losses as coronavirus jitters and the threat of transatlantic trade tensions [...] Read more about: "Pound sinks on Brexit uncertainty and second wave fears"

Pound nosedives following BoE stimulus announcement

pound nosedives after some heavy selling pressure through last week, with demand for the UK currency collapsing after Bank of England’s latest stimulus