The Pound-to-Lira exchange rate slumped an eye-watering 5% on Monday as markets grasped news of significant personnel changes in the upper echelons of Turkish finance, moves that have apparently been welcomed by markets.
November 9,2020
The Pound-to-Euro exchange rate could be liable for further underperformance this week as the U.S. election outcome casts doubt over the UK's prospect of securing a trade deal with the world's largest economy while raising the stakes in the Brexit talks just as a key deadline draws near.
November 9,2020
The British Pound traded softer against the Euro and Dollar in the mid-week trading session as investors levelled bets on the UK currency in light of ongoing uncertainty in the U.S. election, which is proving to be the premier driver of foreign exchange market action.
November 5,2020
The British Pound retreated from a seven month high against the Euro at the start of November despite news that the UK and EU are looking set to reach a mid-month deadline to reach a post-Brexit trade agreement.
November 12,2020
Pound Sterling reached a two-month high against an underperforming Euro last week when major continental economies returned to lockdown, although another shutdown in the UK now threatens to weigh on Sterling this week and could send the Pound-to-Euro rate back toward the bottom of its recent range.
November 2,2020
Pound Sterling defended a modest 0.65% weekly gain against the Euro heading into the weekend, aided by confirmation from the EU's most senior bureaucrat that post-Brexit trade negotiations are making progress.
October 30,2020
Will the European Central Bank's Christine Lagarde "rip up the script today" and deliver the kind of surprise that has the potential to shake Euro exchange rates?
October 29,2020
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