The British Pound was seen coming under renewed pressure against the Euro, Dollar and other major currencies ahead of the weekend with market's continuing to shed exposure to the UK currency in an environment of increasing political uncertainty and deepening divisions over Brexit.

September 29,2019

"We expect a sharp depreciation in GBP to accompany the initial stages of a no-deal Brexit" - Barclays.

September 27,2019

The return of Parliament has coincided with a fresh bout of selling in the British Pound, with markets finding little by way of progress towards a resolution to the current Brexit impasse.

September 27,2019

There is certainly a sense that markets are stepping back from pushing the UK currency higher following weeks of gains as positive political momentum fades: despite the bucket loads of political intrigue emanating from Westminster, very little has in fact changed for the currency markets.

September 25,2019

The British Pound was seen consolidating against the Euro, U.S. Dollar and other major currencies ahead of the ruling by the UK's Supreme Court on whether Prime Minister Boris Johnson's decision to shut down parliament was lawful.

September 24,2019

The British Pound rallied to multi-month highs last week amidst growing expectations for a Brexit deal to be struck before October 31, and this week UK Prime Minister will meet his European counterparts in New York to try and make further progress.

September 23,2019