EU and UK relations deteriorate somewhat

The British Pound was seen trading in volatile fashion against the Euro, Dollar and other currencies thanks to conflicting signals: on the one hand the latest inflation numbers out of the UK are clearly supportive, but on the other hand developments in EU-UK relations appear to be deteriorating ahead of critical trade talks.

February 19,2020

UK economy continues to add jobs

Pound Sterling was left churning at around 1.20 against the Euro and 1.30 against the Dollar following the release of UK labour market statistics that showed the UK economy continues to add jobs to its workforce, but the pace in wage increases has started to fade.

February 18,2020

Trade negotiations

The British Pound has pared back recent gains against the U.S. Dollar, Euro and other major currencies in the wake of Brexit trade negotiation developments and ahead of some important data releases that should give a clearer picture of the country's post-election economy.

February 18,2020

The British Pound trades above the psychologically significant 1.20 level against the Euro and 1.30 against the U.S. Dollar at the start of the new week, however we expect negative headlines on the matter of trade negotiations to keep the UK currency's upside potential capped this week.

February 17,2020

Johnson at cabinet table

Pound Sterling looks well poised to advance against the Euro, U.S. Dollar and other major currencies in the short-term, with foreign exchange market focus on Thursday tipped to fall on a reshuffle of Prime Minister Boris Johnson's cabinet.

February 13,2020

The British Pound faces another rollercoaster ride this year as the Brexit saga opens a new chapter but it's still likely to recover further from the lows seen in 2019 and the outlook could even be sweetened with Brexit "fudge" by year-end, according to forecasts from Capital Economics.

February 12,2020

HS2

The government's announcement that the HS2 high-speed rail project will go ahead has confirmed the UK could be on the cusp of a fiscal stimulus, that could ultimately provide a solid base of support for the British Pound in the first half of 2020.

February 12,2020

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