A highly anticipated announcement on how the Government intends to spend the economy out of its coronacrisis slump left foreign exchange markets distinctly underwhelmed, ensuring the British Pound's ongoing trend of devaluation remains intact.

July 1,2020

The British Pound was seen trading higher against the Euro, Dollar and other major currencies as it unwound some of its oversold conditions, aided by some significant options expiries and month-end rebalancing.

June 30,2020

The British Pound's ongoing trend of depreciation of the Euro and Dollar remains intact at the start of a new week that sees the EU and UK engage in another round of Brexit trade negotiations.

June 29,2020

The Pound crumbled Friday as reports of a Chinese threat to January's 'phase one' deal piled on top of building concerns about a second wave of coronavirus to spoil risk appetite ahead of the weekend. 

June 26,2020

The British Pound would be vulnerable to a sizeable sell-off should a potent cocktail of a 'no deal' Brexit and a covid-19 slump combine towards the end of 2020, according to analysis from Société Générale.

June 26,2020

The EU's Chief Negotiator Michel Barnier has given a speech in which he signalled a key deadline for the EU-UK Brexit trade negotiations will fall in October, which should mean currency markets start to prepare for heightened volatility in Sterling around this time.

June 25,2020