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.

Although yesterday’s UK manufacturing PMI fared better than expected, the overall picture for the sector during the first quarter was disappointing. However, global market conditions allowed the pound to eke out gains versus its stable peers. The pound remains on weak form this morning. Gains of 0.9% for the GBP/EUR exchange rate to €1.1469 currently [...]

The pound struck higher against the majority of its peers as the UK currency found considerable strength from a faster-than-expected uptick in wage growth.

The pound was hit by volatility again last week due to some disappointing economic data and rising speculation of a BoE rate speculation and hike.