The British Pound sits near the top of multi-week highs against a number of major currencies on the assumption a 'no deal' Brexit wil be avoided. However, we hear from a number of analysts that markets could be accused of being too sanguine.
January 17,2019
The Pound was trading higher against most rivals Wednesday after an earlier House of Commons vote on Prime Minister Theresa May's Brexit proposals saw the government dealt the largest parliamentary defeat on record, but the outlook for the currency is as uncertain as ever.
January 17,2019
The Pound has recovered back towards the top of recent ranges as foreign exchange markets believe Theresa May will ultimately secure the compromises required to gather a majority for her deal in the House of Commons.
January 17,2019
Thin trading conditions describe a market with unusually shallow volumes of currency being traded. This is understandable as traders will likely be adopting a wait-and-see approach to the British currency at this juncture.
January 16,2019
Pound Sterling is well bid on global foreign exchange markets with investors taking an apparently optimistic stance ahead of tonight's Brexit deal vote in the UK parliament.
January 15,2019
The Pound could rally by as much as five percent over coming weeks if Prime Minister Theresa May is able to get her Brexit proposals through parliament, according to analysts at J.P. Morgan, who say there is now a 90% chance that either the Withdrawal Agreement will pass the House of Commons or there will be no Brexit at all.
January 15,2019
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