Pound shows an initial positive reaction to Service PMI beat but we expect the gains to be limited as the details of the report are actually quite poor.

March 5,2019

The strong start for Sterling comes as markets continue to price out a 'no deal' Brexit occurring on March 29, with foreign exchange markets on Monday digesting conflicting news on what it is UK Attorney General Geoffrey Cox is likely to achieve in his negotiations with the EU.

March 5,2019

Foreign exchange strategists have been reacting to the latest bounce in the value of the British Pound, saying the currency has momentum to go higher still.

March 1,2019

The British Pound is adding to its recent gains against the Euro and U.S. Dollar in the mid-week session, as financial markets maintain the view that a 'no deal' Brexit outcome is unlikely and that Prime Minister Theresa May's Brexit deal is seeing improved chances of being voted through parliament in mid-March.

February 28,2019

From a currency markets perspective, a delay is good news for Sterling bulls no matter how long it is, but ING suggest a longer delay is preferable to a short delay for the currency.

February 27,2019

The Labour Party have announced that if they cannot get a 'Labour Brexit' through the House of Commons, they'll move to a promise of another referendum on Brexit.

February 28,2019