Brexit was back in the spotlight last week, driving heavy losses in the pound as EU leaders rejected Theresa May’s Chequers proposals However the pound looks to be mounting a recovery at the start of this week’s session, with GBP/EUR climbing to €1.1176 and GBP/USD surging to US$1.3156. Looking ahead, the focus for investors this [...]

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 [...]

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. [...]

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. [...]

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.

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

Pound exchange rate rises across the board following hawkish shift in the BoE   The pound punched higher during yesterday’s session as investors flocked to the currency in the wake of the Bank of England’s (BoE) latest policy meeting. Sterling appears to be consolidating its gains this morning, with GBP/EUR trading narrowly at €1.1407, GBP/CAD [...]

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 [...]

The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.

The pound got off to a mixed start this week, with investors initially skittish in reaction to the resignation of the Home Secretary, Amber Rudd.