GBP LIVE TODAY
British Pound Suffers Heavy Losses on Budget Delay, BoE Rate Cut Bets and Coronavirus Concerns
26 February, 2020 |
k The Pound fell to the bottom of the major currency class Wednesday amid profit-taking prompted by renewed speculation of a delay to the March budget, which comes in addition to mounting coronavirus concerns and is further encouraging markets to price-in a Bank of England (BoE) rate cut for the coming months.
GBP LIVE TODAY
British Pound to Remain Soft vs. Euro and Dollar as Trade Negotiations See Rocky Start
26 February, 2020 |
The British Pound remains well below its 2020 highs against both the Euro and U.S. Dollar with foreign exchange markets unwilling to push the currency higher amidst the global coronavirus market selloff and with just days to go until trade negotiations between the EU and UK officially start.
GBP LIVE TODAY
Pound Sterling Advances on Euro and Dollar, Markets Digest EU's Trade Negotiation Mandate
25 February, 2020 |
The British Pound was seen advancing against its rivals on the day EU states agreed a roadmap to a future trade deal with the UK, in which they require that the EU's standards should be "a reference point" to any trading agreement.
GBP LIVE TODAY
British Pound in Recovery Mode against Euro and Dollar, Upside seen Capped as Trade Negotiation Developments Expected
25 February, 2020 |
Foreign exchange analysts at Wall Street bank JP Morgan say they see "considerable downside" potential in the British Pound in the event of the UK and EU failing to strike a trade agreement at the end of 2020.
GBP LIVE TODAY
Pound Sterling Today: Budget Boost Ahead, Coronavirus Jitters, Soft Start to New Week vs. Euro and Dollar
24 February, 2020 |
The British Pound starts the new week as an underperformer, recording losses against the U.S. Dollar which appears to be on the charge owing to a renewed bout of nerves concerning the coronavirus. However, against the Euro the UK currency looks relatively better supported with the market assessing the relative impact of the virus on the EU as being potentially more severe than will be the case on the UK economy.
GBP LIVE TODAY
Key Change to EU's Trade Negotiation Mandate Should Underpin Pound Sterling
21 February, 2020 |
Some potentially Sterling-supportive news out of Brussels ahead of the weekend is that the EU's latest draft mandate for EU-UK trade negotiations shows that the EU won't be pushing for 'dynamic-alignment'.
GBP LIVE TODAY
Pound Sterling Recovering against the Euro and Dollar on Solid PMI Data
21 February, 2020 |
The British Pound has sold off against the Dollar and Euro over the course of the past 24 hours and we will be looking for signs of stabilisation heading into the weekend for confirmation that the weakness is a temporary phenomenon.
GBP LIVE TODAY
Pound Sterling Today: Inflation Data, Fresh EU-UK Spat Takes some Shine off Recent Gains made against Euro and Dollar
19 February, 2020 |
The British Pound was seen trading in volatile fashion against the Euro, Dollar and other currencies thanks to conflicting signals: on the one hand the latest inflation numbers out of the UK are clearly supportive, but on the other hand developments in EU-UK relations appear to be deteriorating ahead of critical trade talks.
GBP LIVE TODAY
The Pound Finds Some Positive Takeaways in UK Labour Market Stats, Holds Key Levels vs. Euro and Dollar
18 February, 2020 |
Pound Sterling was left churning at around 1.20 against the Euro and 1.30 against the Dollar following the release of UK labour market statistics that showed the UK economy continues to add jobs to its workforce, but the pace in wage increases has started to fade.
GBP LIVE TODAY
Pound Sterling Today: Higher vs. Euro and Dollar, UK's Chief Trade Negotiator says UK Prepared for Australia-Style Trade Deal
18 February, 2020 |
The British Pound has pared back recent gains against the U.S. Dollar, Euro and other major currencies in the wake of Brexit trade negotiation developments and ahead of some important data releases that should give a clearer picture of the country's post-election economy.
GBP LIVE TODAY
Pound Sterling above Key Levels vs. Euro and Dollar but Trade Negotiation Headlines to Attract Focus this Week
17 February, 2020 |
The British Pound trades above the psychologically significant 1.20 level against the Euro and 1.30 against the U.S. Dollar at the start of the new week, however we expect negative headlines on the matter of trade negotiations to keep the UK currency's upside potential capped this week.
GBP LIVE TODAY
Pound Sterling Marches Higher against Euro and Dollar, Cabinet Reshuffle & Coronavirus Stresses form Day's Highlight
13 February, 2020 |
Pound Sterling looks well poised to advance against the Euro, U.S. Dollar and other major currencies in the short-term, with foreign exchange market focus on Thursday tipped to fall on a reshuffle of Prime Minister Boris Johnson's cabinet.
British Pound Outlook Could be Sweetened With Brexit Fudge by Year-end, Capital Economics Says
The British Pound faces another rollercoaster ride this year as the Brexit saga opens a new chapter but it's still likely to recover further from the lows seen in 2019…
Pound Sterling Forecast to Remain Supported vs. Dollar & Euro as Investors Eye Increase Govt. Spending
The government's announcement that the HS2 high-speed rail project will go ahead has confirmed the UK could be on the cusp of a fiscal stimulus, that could ultimately provide a…