The domestic UK focus for financial markets ahead of the weekend is confirmation that Dominic Cummings, the senior adviser to Prime Minister Boris Johnson, is due to leave the position at year-end, and in doing so follows the departure of Lee Cain, Johnson’s Director of Communications and an ally of Cummings, on Wednesday night.

November 13,2020

The British Pound has fallen sharply over the course of the past 24 hours in response to falling equity markets and growing expectations that the trade negotiations between the EU and UK are hurtling towards an inevitable deadlock.

November 13,2020

Pound Sterling has reversed some of its earlier gains on headlines out midweek that the EU and UK likely to miss next week's deadline, but analysts say such a delay is unlikely to materially dent the currency's outlook.

November 11,2020

The British Pound has pushed higher to register two-month highs against the Euro and Dollar, carried along by improved investor sentiment triggered by the news of a successful covid-19 vaccine candidate from Pfizer.

November 12,2020

A combination of rallying global stock markets and news that the UK might shift its position on the matter of fishing rights in ongoing EU-UK trade negotiations have conspired to push the Pound higher against the Euro and Dollar.

November 12,2020

The British Pound remains a buy against the Euro with foreign exchange strategists at Wall Street bank Goldman Sachs, who remain optimistic that a deal will be struck between the EU and UK on a future trade deal.

November 10,2020