The British Pound remains well below its 2020 highs against both the Euro and U.S. Dollar with foreign exchange markets unwilling to push the currency higher amidst the global coronavirus market selloff and with just days to go until trade negotiations between the EU and UK officially start.

February 26,2020

The British Pound was seen advancing against its rivals on the day EU states agreed a roadmap to a future trade deal with the UK, in which they require that the EU's standards should be "a reference point" to any trading agreement.

February 25,2020

Foreign exchange analysts at Wall Street bank JP Morgan say they see "considerable downside" potential in the British Pound in the event of the UK and EU failing to strike a trade agreement at the end of 2020.

February 25,2020

The British Pound starts the new week as an underperformer, recording losses against the U.S. Dollar which appears to be on the charge owing to a renewed bout of nerves concerning the coronavirus. However, against the Euro the UK currency looks relatively better supported with the market assessing the relative impact of the virus on the EU as being potentially more severe than will be the case on the UK economy.

February 24,2020

Some potentially Sterling-supportive news out of Brussels ahead of the weekend is that the EU's latest draft mandate for EU-UK trade negotiations shows that the EU won't be pushing for 'dynamic-alignment'.

February 21,2020

The British Pound has sold off against the Dollar and Euro over the course of the past 24 hours and we will be looking for signs of stabilisation heading into the weekend for confirmation that the weakness is a temporary phenomenon.

February 21,2020