Downside pressures on the British Pound has eased over the past 12 hours with confirmation that the Labour and the Government have not in fact broken down and the two sides remain in negotiations to forge a cross-party Brexit deal.
May 9,2019
The British Pound is trading lower in mid-week trade with markets finding little positive in the latest updates concerning the status of cross-party Brexit talks which are now not expected to deliver a breakthrough this week.
May 8,2019
The British Pound is seen defending recent advances made against the Euro and U.S. Dollar amidst a renewed sense of optimism amongst currency market traders that this week there could finally be a material breakthrough in the entrenched Brexit impasse.
May 7,2019
Pound Sterling is the week's best performing currency, enjoying gains of three-quarters of a percent against the Euro and one percent against the U.S. Dollar. Ahead of the weekend, currency traders will be digesting the results of local elections which suggest the Conservative Party have avoided a bloodbath.
May 3,2019
There was a spike in volatility in the Pound in mid-day London trade after the Bank of England released their May policy decision and latest suite of economic forecasts.
May 3,2019
The Pound was riding high at the top of the G10 league table Wednesday and by many accounts, could be due a further run of gains over the course of Thursday as the Bank of England (BoE) is now on the verge of becoming the only game in town for yield-hungry investors.
May 2,2019
While Prime Minister Theresa May's leadership remains precarious, the news concerning cross-party Brexit talks is proving supportive for Sterling at present.
May 1,2019
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