The British Pound retains a positive bias against the Euro, Dollar and other major currencies on Thursday, September 19. However, we note the currency faces a pressure-point in the form of a new September 30 Brexit deadline imposed by the EU on the UK.
September 19,2019
The Pound was unravelling in a risk-off market Monday as currency traders responded to a cocktail of negative domestic and international headlines at the beginning of what is set to be an action-packed week for the British currency, as the Brexit saga rolls on and central banks on both sides of the Atlantic say their bit.
September 16,2019
Sterling advanced against all major rivals Friday after being boosted by speculation suggesting the British government could be softening its red lines on the so-called Northern Irish backstop in pursuit of an amicable exit agreement with the EU ahead of an October 31 deadline.
September 15,2019
The Pound traded in volatile swings against most major rivals Thursday and was lower against its European counterparts by the London close but higher relative to commomity currencies and the U.S Dollar, with international factors firmly in the driving seat of the British unit amid another period of limbo in the Brexit process.
September 12,2019
A recent run of "good news" on the Brexit front may be coming to an end - and with it, the rebound Sterling has enjoyed in recent days says a leading FX analyst.
September 11,2019
The British Pound is being tipped to remain supported over coming days, amidst growing signs that Prime Minister Boris Johnson's strategy going forward now rests on reaching a new deal with the EU, while labour market data has come in better than economists had been expecting.
September 10,2019
According to Zach Pandl, an analyst with Goldman Sachs, the recent developments in UK politics "has narrowed the path to a 'no deal' Brexit, skewing near-term risks to Sterling to the upside."
September 11,2019
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