Boris Johnson black and white image

We believe the most significant headlines on Monday for the British Pound involve fresh moves by the 'remain alliance' of political parties to try and further guarantee a 'no deal' Brexit takes place on October 31 with suggestions the Prime Minister could be forced to ask for a Brexit delay as early as Saturday.

September 30,2019

Pound Sterling week ahead

Studies of the GBP/EUR charts indicate that limited near-term weakness is likely, but the outlook on longer-term timeframes is more uncertain. Expect politics to remain in the driving seat for Sterling from a fundamental perspective.

September 30,2019

Barnier and Brexit

The British Pound was seen coming under renewed pressure against the Euro, Dollar and other major currencies ahead of the weekend with market's continuing to shed exposure to the UK currency in an environment of increasing political uncertainty and deepening divisions over Brexit.

September 29,2019

Barclays exchange rate forecasts

"We expect a sharp depreciation in GBP to accompany the initial stages of a no-deal Brexit" - Barclays.

September 27,2019

Johnson House of Commons

The return of Parliament has coincided with a fresh bout of selling in the British Pound, with markets finding little by way of progress towards a resolution to the current Brexit impasse.

September 27,2019

Currency markets

There is certainly a sense that markets are stepping back from pushing the UK currency higher following weeks of gains as positive political momentum fades: despite the bucket loads of political intrigue emanating from Westminster, very little has in fact changed for the currency markets.

September 25,2019

Supreme Court

The British Pound was seen consolidating against the Euro, U.S. Dollar and other major currencies ahead of the ruling by the UK's Supreme Court on whether Prime Minister Boris Johnson's decision to shut down parliament was lawful.

September 24,2019

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