The British Pound is seen trading with a slightly positive tone at the time of writing on Monday morning following the agreeing of a Brexit extension by the EU, while one major financial services institution saying they are now going 'overweight' the currency.

October 28,2019

The Pound rose was on its front foot Monday after the EU granted the UK a 'flextension' of the Article 50 period and amid speculation the Prime Minister may have the number of votes required to trigger an election, although technical analysts studying the charts suggest the British currency can make further gains in the days ahead. 

October 28,2019

Foreign exchange strategists at HSBC say they believe the "balance of risks" facing the British Pound are now tilted to the upside.

October 26,2019

The British Pound is likely to retain a heavy tone in the short-term as the UK political environment descends into crippling uncertainty, after the Government said it would table a vote for an early General Election on Monday but opposition parties indicated they would once again reject the request.

October 25,2019

The British Pound fell further from recent multi-month highs Thursday after Prime Minister Boris Johnson said he would ask Parliament to vote for a snap General Election on Monday.

October 24,2019

Recent developments in the Brexit saga now mean the Pound will probably get stuck in a ‘wait-and-see’ sideways range for the foreseeable future, says Chris Turner, global head of strategy at ING Bank.

October 23,2019