The British Pound is trading higher against the Euro, Dollar and other major currencies at the start of the new week amidst improved sentiment to the outcome of Brexit trade negotiations, which are due to end this week with a Thursday post-negotiating briefing likely to be a highlight.

October 1,2020

The Pound was the third best performing major currency for the week on Friday and despite an inhospitable environment for risk assets, but price action could get wilder in the weeks ahead if currently “dreadful liquidity”conditions and the final quarter’s Brexit deadlines collide. 

September 25,2020

Reports of progress being made in ongoing Brexit trade negotiations and the announcement of further fiscal support measures by the Government have aided a recovery in the British Pound against the Euro, Dollar and other major currencies.

September 24,2020

Bank of England's Governor Andrew Bailey has downplayed the prospect of negative interest rates in the future as he sought to downplay the market's rising expectations for future interest rate cuts, an intervention that appears to have offered some support to the British Pound.

September 22,2020

The British Pound retains a soft bias ahead of the announcement of fresh restrictions in the UK aimed at stemming the spread of covid-19, as well as falling global stock markets and persistent Brexit anxieties.

September 22,2020

The British Pound fell sharply at the start of the new week as a global stock market sell-off signalled a substantive shift in the mood amongst investors, creating the perfect background settings for weakness in the risk-sensitive Pound.

September 21,2020