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Resumption of Brexit Talks sees Pound Sterling Record Biggest Daily Jump against Euro and Dollar Since March
22 October, 2020 |
The British Pound recorded its strongest daily gain against the U.S. Dollar, Euro and other major peers since March amidst an upsurge in optimism that the EU and UK were headed towards a post-Brexit trade deal.
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Pound Sterling Bid against Euro and Dollar on News Negotiations to Restart
21 October, 2020 |
The British Pound advanced in mid-week trade in the wake of a fresh overture from the EU's Chief Negotiator Michel Barnier, which have raised the prospect of talks restarting and a deal being agreed over coming weeks.
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Pound Sterling Latest: EU Make "Constructive Move" to Further Talks but UK still Coy, Euro and Dollar Recover
20 October, 2020 |
The door to further gains in the British Pound were opened by developments at the start of the week that saw the EU and UK effectively commit to an intensification of Brexit trade negotiations, erasing fears that the UK would walk away from talks.
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Pound Sterling sees a Brexit Deal Ahead, Goes Higher against Euro. Dollar at Start of the New Week
19 October, 2020 |
The British Pound starts the new week trading higher against the Euro, Dollar and other currencies in a sign that the foreign exchange market is not buying into UK Prime Minister Boris Johnson's threat to walk away from talks.
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Pound Sterling Volatile after Johnson says Australia-style Trade Deal Likely, but Downside against Euro and Dollar seen being Shallow
16 October, 2020 |
The British Pound experienced turbulence ahead of the weekend after UK Prime Minister Boris Johnson responded to an ongoing impasse with the EU in efforts to secure a free trade deal.
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Pound Sterling: Macron's Fighting Talk on Fishing Spurs a Retreat against the Euro and Dollar
15 October, 2020 |
British Pound volatility extended into a key meeting of EU leaders on Thursday where ongoing Brexit trade negotiations would be discussed, with the +1.0% gains recorded against the Euro and Dollar at one stage on Wednesday giving way to losses.
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Pound Sterling's Next Battle Looms as Scottish Independence Beckons
14 October, 2020 |
The British Pound has endured years of underperformance - valued well below fair-value - thanks to political and medical upheaval, specifically the 2016 EU referendum result, ensuing Brexit negotiations and the onset of the covid-19 crisis in 2020.
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Pound Sterling Recovers Lost Ground against Euro and Dollar after UK Walks Back from Deadline but Fisheries Showdown Looms Large
14 October, 2020 |
The Pound is likely to remain highly reactive to headlines concerning negotiations over the near-term, but it is not expected to enter a more protracted directional move until there is clearer guidance as to whether a deal is likely or not.
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Pound Sterling Extends Gains Above 1.10 vs. Euro, 1.30 vs. Dollar, amidst Latest Brexit Developments
12 October, 2020 |
The British Pound started the new week on the front foot against the Euro, Dollar and other major currencies amidst an improvement in sentiment towards the UK currency based on a view a Brexit trade deal was on course to be delivered, however nerves are expected to remain elevated ahead of a crunch meeting of EU leaders on Thursday and Friday.
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Pound Sterling is Best Performing Major of Past Month, But Further Upside against Euro and Dollar is Limited warns Analyst
09 October, 2020 |
The British Pound is the best performing major currency of the past month owing to a steady rise in odds that the EU and UK will reach a post-Brexit trade deal. However, some analysts are unconvinced this improved optimism towards Sterling is warranted and that investors are under appreciating the prospect of a 'no deal' outcome.
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Pound Sterling Holds Key Levels against Euro and Dollar amidst signs of Potential Brexit Talks Breakthrough
08 October, 2020 |
The British Pound is both highly volatile and trend-less at the same time, a consequence of markets reacting to the latest Brexit headlines but ultimately showing little conviction on whether now is a good time to buy or sell the Pound.
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Pound Softens on UK Threat to Pull Out of Trade Talks if No Progress by Oct 15
07 October, 2020 |
The British Pound traded softer in the midweek trading session amidst a rise in concerns the UK and EU would separate at the end of 2020 without a Brexit deal.
Pound Sterling Recovers from Earlier Falls on Reports of "Big Progress" in Negotiations
The British Pound has dipped sharply against the Euro, Dollar and other peers on Tuesday with market participants citing a newswire report that the EU will not be ready to…
Pound Sterling "Could Edge Higher" on Commitment to Intensify Trade Negotiations
The British Pound is firm at the start of the new week and is trading at levels consistent with a more optimistic market view on the prospect of a post-Brexit…