After two months of stagnation the UK gross domestic product picked up to just 0.1% in October, limiting the appeal of the pound as concerns over the economic outlook persist. The Eurozone economy continued to show signs of weakening, meanwhile, as November’s raft of manufacturing and services PMIs pointed towards another month of easing growth. [...]

Increased hopes for a Brexit deal encouraged the pound to push higher across the board last week, even though UK data demonstrated fresh signs of weakness. Solid US data continued to boost the case for the Federal Reserve to raise interest rates again before the end of the year, keeping the US dollar on a [...]

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 [...]

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. [...]

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 [...]

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.