Brexit impasse

The Brexit negotiation impasse remains front-and-centre for foreign exchange markets with little attention being afforded to the 2018 budget or Thursday's Bank of England policy decision.

October 31,2018

UK's fiscal position bodes for a stronger Pound in 2019

Outlook for the British Pound has improved notably on the back of the planned fiscal expansion announced by the U.K.'s Treasury.

October 30,2018

The Brazilian Real hit a six-month high Monday after the right-wing and pro-business candidate Jair Bolsonaro prevailed over his opponent in the final round of voting to clinch the presidency, setting the stage for a period of recovery by the currency against both the Dollar and Pound.

October 29,2018

Hammond in focus today for the Pound

Growth forecasts for the U.K. economy in 2019 have been upgraded by the Office for Budget Responsibility announces Chancellor Philip Hammond however Sterling will await clear progress in Brexit negotiations before pricing in the good economic news.

October 30,2018

Pound sterling today

At the time of writing the British Pound is the best performing major currency as the political anxieties that beset the currency at the start of the week fade but strategists at Citi say they are expecting ongoing political angst to weigh on the currency.

October 26,2018

Pound ready to slingshot higher

The Pound-to-Euro exchange rate has pulled back lower in a classic, three-wave, correction and is now looking increasingly like it is in position to resume its previous uptrend.

October 25,2018

Backstop breakthrough

Pound Sterling rallied to the top of the leaderboard Tuesday as the pendulum swung back in favour of a Brexit deal being struck by year-end.

October 24,2018

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