It is reported E.U. and U.K. have agreed a text on how to avoid a hard border on the island of Ireland suggesting the final and most contentious stumbling block to a Brexit deal has been reached.
The British Pound is on the front foot amidst reports a Brexit deal can be secured within the next two days.
Following a poor start to the new week the British Pound is seen consolidating against the Euro, giving rise to hopes that a full-blown fire-sale of the currency has been avoided.
Pound Sterling has endured a torrid start to the new week as Brexit headlines prompt traders to become more cautious on the prospects of the E.U. and U.K. agreeing a Brexit deal before the end of the year.
The Pound is on course to recover more of its 2018 loss from the U.S. Dollar but the path higher will be a long and winding one littered with potholes, according to strategists at Bank of America Merrill Lynch.
Pound Sterling shot higher at the start of the week to record two-week highs against the U.S. Dollar and three-week highs against the Euro before the advance was ultimately faded as markets bemoan a lack of official guidance on the state of Brexit talks.
We have further Sterling-supportive developments on Brexit ahead of the weekend with reports E.U. is offering the U.K. a concession on the troublesome Irish backstop.
The Pound starts November on a strong footing thanks to reports of a breakthrough in Brexit negotiations over the future trade in services between the EU and UK.
Pound Sterling catches a strong bid as market sentiment towards prospect of a Brexit deal swings into positive territory thanks to comments by the U.K.'s most senior Brexit minister.
Latest reports concerning Brexit negotiations suggest work continues and a deal of some kind will be reached.
The Brexit negotiation impasse remains front-and-centre for foreign exchange markets with little attention being afforded to the 2018 budget or Thursday's Bank of England policy decision.
Pound Sterling rallied to the top of the leaderboard Tuesday as the pendulum swung back in favour of a Brexit deal being struck by year-end.
The British Pound is seen trading lower across the board Monday with foreign exchange investors taking exposure to Sterling off the table at the start of week strewn with political risks.
A multi-week recovery in Pound Sterling has hit the skids as the currency suffers a run of bad luck in terms of Brexit: no breakthrough in negotiations is likely anytime soon is the message from E.U. and U.K. leaders despite frantic negotiating.
Analysts at SEB upgrade their forecasts for the British Pound saying the current anxiety over Brexit negotiations appears misplaced as the E.U. and U.K. are now engaged in negotiating tactics and will ultimately do what is needed to cross the finish line.
Pound Sterling treads water as traders await news of a Brexit deal, allowing a strong comeback in the Euro and a number of other currencies to put it on the backfoot. Latest news is an U.K.-wide backstop being mooted.
The British Pound is resting near recently achieved multi-week highs against the Euro and multi-day highs against the U.S. Dollars with the market apparently adopting a wait-and-see approach to an imminent Brexit deal.
Pound Sterling has retreated after Northern Ireland's Arlene Foster effectively rejected a rumoured compromise the U.K. is mulling for the Irish border in order to unlock deadlocked Brexit negotiations.
The British Pound strengthened against its main rivals at the start of the new month thanks to a strong Manufacturing PMI reading and news that the U.K. was prepared to shift its stance on the Irish border question to seal a Brexit deal before year-end.
The British Pound slumped from recent two-month highs against the Euro and U.S. Dollar ahead of the weekend after U.K. Prime Minister Theresa May came out swinging against her E.U. counterparts who she accused of failing to negotiate Brexit in good faith.
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