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British Pound: Sterling Slumps Against Euro and Dollar after Phase 2 Guidelines from European Council Open Fresh Can of Worms

British Pound: Sterling Slumps Against Euro and Dollar after Phase 2 Guidelines from European Council Open Fresh Can of Worms


  "Sufficient Progress" has been declared but the rub for Sterling is that Brussels has thrown down another gauntlet for PM May with its Phase 2 guidelines.

Euro

Pound to Euro Latest

1.1337▲

0.01%

Previous Close:

1.1336

Today's High:

1.1342

Today's Low:

1.1331

US Dollar

Pound to US Dollar Latest

1.3333▲

0.13%

Previous Close:

1.3316

Today's High:

1.3338

Today's Low:

1.331

Australian Dollar

Pound to Australian Dollar Latest

1.7412▲

0.02%

Previous Close:

1.7408

Today's High:

1.7438

Today's Low:

1.74

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.9011▼

-0.08%

Previous Close:

1.9026

Today's High:

1.9036

Today's Low:

1.9

South African Rand

Pound to South African Rand Latest

17.4486▲

0.45%

Previous Close:

17.3696

Today's High:

17.5121

Today's Low:

17.3492

Canadian Dollar

Pound to Canadian Dollar Latest

1.7138▼

-0.02%

Previous Close:

1.7142

Today's High:

1.7158

Today's Low:

1.7131

Latest British Pound News

GBP LIVE TODAY

British Pound: Sterling Slumps Against Euro and Dollar after Phase 2 Guidelines from Europ…

15 December, 2017 |

  "Sufficient Progress" has been declared but the rub for Sterling is that Brussels has thrown down another gauntlet for PM May with its Phase 2 guidelines.

GBP LIVE TODAY

Bank of England Holds Rates and Stays on Message, Analysts Give their Views

14 December, 2017 |

Analysts give their views on the Bank of England's latest interest rate decision and monetary policy statement.

GBP LIVE TODAY

British Pound Tops 1.1400 Against Euro after ECB Disappoints and Donald Tusk Hints at “Suf…

13 December, 2017 |

Retail sales, "sufficient progress", the Bank of England and traders’ reactions to the “amendment 7” defeat of the government in parliament were the main events Thursday.

GBP LIVE TODAY

Pound Sterling Advances on G10 Basket after Wage Squeeze Eases and Unemployment Holds 42 Y…

13 December, 2017 |

The squeeze on UK wage packets has eased. Markets will now focus on Thursday's Bank of England meeting and European Council summit.

GBP/EUR: News and Forecasts

EUR

Pound Headed to 1.18 Vs Euro as Bank of England Picks Up the Pace say Capital Economics

15 December, 2017 |

Political risks becomes more balanced in 2018 while the Bank of England's northward march could provide the Pound with an edge over its continental neighbour.

EUR

ECB Upgrades Eurozone Growth Forecasts but Euro Drops after Inflation Disappointment

14 December, 2017 |

The European central bank kept monetary policy unchanged but substantially revised up economic growth projections at its policy meeting on Thursday.

EUR

Pound Sterling Surges against Euro and Dollar after Showstopping Retail Sales

14 December, 2017 |

Retail sales surged in November. Focus: "Sufficient Progress", Bank of England and traders’ reactions to the “amendment 7” defeat of the government in parliament.

EUR

Pound Sterling Could Weaken Vs Euro but “Done Deal” on Brexit Means Downside is Limited Sa…

13 December, 2017 |

Economic data dominates the agenda for Sterling over Wednesday and Thursday while the European Council decision is the main event for Friday. 

GBP/USD: News and Forecasts

USD

US Dollar Falls After Federal Reserve Raises Interest Rates - Here’s Why

13 December, 2017 |

Treasury yields and the Dollar were both lower overnight after the Fed left markets underwhelmed.

USD

Pound-to-Dollar Eyeing 1.40 after US Election Upset Places Trump Tax-bill Under Renewed Th…

13 December, 2017 |

Democrat victory in Alabama erodes Republican majority at a time when not all senators are on-board with the tax-plan. Strategists eye 1.40 for Pound-to-Dollar in coming months.

USD

Technical Analysis: Pound-to-Dollar Sat On Strong Zone of Support and Biased to Rebound

12 December, 2017 |

The Pound-to-Dollar may have lost ground in December but looking at the bigger picture reveals the potential for more upside; and it's not just us, other analysts agree.

USD

US Dollar Cedes Ground to G10 Rivals as Fed Looms, Tax Reforms and "Dot-plot" in…

12 December, 2017 |

With Washington moving rapidly toward tax reform, all eyes are on the interest rate and inflation forecasts in the Federal Reserve's "dot-plot" this week.

EUR/USD: News and Forecasts

Euro to Dollar

Technical Analysis: EUR/USD at Crossroads with Divergent Views Between Strategists - PSL B…

12 December, 2017 |

Despite a meteoric rise in the first half of 2017, several institutional analysts are turning bearish EUR/USD but Pound Sterling Live retains a bullish outlook, at least for now.

Euro to Dollar

EUR/USD: Turbulence Ahead as Dollar Reigns Supreme but Bullishness in order for 2018

07 December, 2017 |

Tax cuts and a debt-ceiling-debacle are lifting US yields and pressuring EUR/USD. This could continue into New Year but strategists are still bullish in their 2018 targets.

Euro to Dollar

EUR/USD Exchange Rate Eyed Towards 1.25 in 2018 say Citi

06 December, 2017 |

The Euro will outperform the US Dollar next year, supported by continued economic growth in the Eurozone whilst new US tax reforms and Federal Reserve policy will ultimately disappoint.

Euro to Dollar

"Embrace the Strong Euro" say ING, Forecast EUR/USD at 1.30 in 2018

05 December, 2017 |

A cinematic death of Eurozone breakup risk, the second leg of ECB tapering and speculation of an interest rate rise could all drive the Euro higher in 2018.

GBP/AUD: News and Forecasts

AUD

Australian Dollar Catches New Bid but Monday’s Finance Update Will Test Appetite

15 December, 2017 |

Borrowing forecasts in Monday's fiscal update could influence the AUD/USD bond spread and thereby, the Aussie Dollar, either clipping or boosting its recent gains. 

AUD

Australian Dollar Facing Test Match With Labour Market and Federal Reserve Decision

13 December, 2017 |

Higher consumer confidence and M&A activity have helped lift the AUD but it will now be challenged by November labour data and the Federal Reserve.

AUD

Technical Analysis: The Pound-to-Australian Dollar is Looking Increasingly Overextended

12 December, 2017 |

The GBP/AUD pair has risen strongly in the second half of 2017 but its rally is starting to look overdone, and we cannot rule out a pull-back lower.

AUD

Pound Surges to 17-month High Against Australian Dollar After “Sufficient Progress” Agreed

08 December, 2017 |

Talks on trade and transition, as well as the prospect of a "soft Brexit", could continue to support the Pound Friday.   

GBP/NZD: News and Forecasts

NZD

Budget Delivers No Joy For New Zealand Dollar; Analysts Pessimistic; Charts Offer Hope

14 December, 2017 |

The New Zealand Dollar has weakened after the first budget of the recently elected government, despite generous spending promises, but the charts indicate the currency may yet recover.

NZD

New Zealand Dollar Lifted by RBNZ Clarity as Jacinda Ardern's Maiden Budget Comes Under Sp…

11 December, 2017 |

Monday's RBNZ appointment removes some of the NZD "uncertainty premium". Markets will now turn their attention to Thursday's budget. 

NZD

New Zealand Dollar Forecast to Recover in 2018: Citi

06 December, 2017 |

Fears that the new government will enact policies which will harm the New Zealand Dollar are over exaggerated and the currency is due a recovery in the year ahead, say analysts at Citi.

NZD

New Zealand Dollar the Cheapest G10 Currency and Will Benefit from China's Economic Re-bal…

04 December, 2017 |

China's pivot away from investment-driven growth will be good for currencies of countries that export consumption goods to the world's second largest economy.

GBP/CAD: News and Forecasts

CAD

Canadian Dollar Shines after “Captain Hawk” Reignites Hopes of Another Interest Rate Rise

15 December, 2017 |

Just a week after jilting the CAD with a dovish interest rate statement, Governor Poloz is turning hawkish once more - and is outright bullish on the economy.

CAD

Canadian Dollar Slides as Bank of Canada Stands Pat and Leaves Markets Guessing on Next Ra…

06 December, 2017 |

Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.

CAD

Canadian Dollar Stars in Currency Portfolio Which Returns 6.6% Annualised

05 December, 2017 |

The Canadian Dollar has been the strongest G10 currency versus the US Dollar in 2017 and major currency portfolio holders Westpac are continuing to bet on its rise.

CAD

Pound-to-Canadian Dollar Rate: Technical Forecast, Data and Events to Watch in the Coming …

03 December, 2017 |

The Canadian Dollar will mainly be impacted by the Canadian Central Bank meeting in the week ahead, whilst the Pound will take its cue from the politics of Brexit; the charts are signalling a turnaround.

GBP/ZAR: News and Forecasts

ZAR

Pound-to-Rand Falls Sharply after Key Court Ruling Ahead of ANC Conference

15 December, 2017 |

Friday's High Court ruling may be good news for the reformist Ramaphosa's camp but there is still significant uncertainty around Sunday's ANC vote, and the Rand.

ZAR

Rand Volatility to Pick Up as South African Establishment Approach Pivotal Moment - 5% Swi…

12 December, 2017 |

Change is imperative if South Africa is to avoid losing its last investment grade credit rating but the ANC's weekend leadership election is too close to call.

ZAR

South African Rand's Recovery vs. Euro and Pound Seen Stalling into Year-End

07 December, 2017 |

The Rand won a stay of execution in November and, with the winds of political change blowing, newfound stability should prevail in December. 

ZAR

South African Rand Forecast to Struggle in 2018 say ING, Forecasts Show Pound Could Break …

05 December, 2017 |

Political and budget challenges could mean 2018 is another tough year for the Rand which could allow GBP/ZAR to break above 20.00.