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Pound-Dollar Rate Pumeled as Euro Rallies and Greenback Dives into Weekend with S&P 500
23 October, 2020 |
Pound Sterling was pummeled and the Euro lifted sharply in a volatile as well as noisy final session of the week, while the Dollar and U.S. stocks came under pressure with barely more than a week to go before a landmark election that's key to the outlook for all exchange rates in the weeks and months ahead.
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France said to Soften Stance on Fishing
23 October, 2020 |
It is reported Friday that France is preparing to give ground on the matter of one of the main outstanding issues preventing negotiators from striking a post-Brexit trade deal: fishing.
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Pound Sterling Retraces Recent Gains against Euro and Dollar, Barnier says Greatest Challenge to Reaching a Trade Deal is Fisheries
23 October, 2020 |
The British Pound went sharply higher against all major currencies mid-week when it was announced on Wednesday the EU and UK had agreed to intensify trade negotiations, however there has since been no follow-through upside to that initial spurt suggesting a market that remains cautious of unwelcome surprises.
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Pound Bought against Euro & Dollar on Intensification of Brexit Trade Negotiations
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 Jumps on News Trade Negotiations are 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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EU Make "Constructive Move" to Further Talks but UK still Coy
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 Starts New Week on Front Foot, Investors Expect UK to Return to Negotiating Table
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, says UK Stepping Back from Talks
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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Macron Won't Budge on Fishing
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, 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.
GBP LIVE TODAY
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.
Pound Sterling is Best Performing Major of Past Month, But Further Upside against Euro and Dollar is Limited warns Analyst
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…
Pound Sterling Holds Key Levels against Euro and Dollar amidst signs of Potential Brexit Talks Breakthrough
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…