Trader exchange rates

We are seeing a sudden drop in the value of the Pound at the time of writing with Sterling breaking below key levels against both the Dollar and Euro.

October 5,2017

A miss against expectations Wednesday would likely mean another deterioration in the narrative around the UK economy and Sterling

October 4,2017

european union 3

Any official Brexit agreements will require the rubber stamp of the European parliament and, after flexing its muscles Tuesday, it may soon frustrate Theresa May’s effort to secure an early agreement on a transitional deal between the UK and the EU.

October 4,2017

theresa may florence

Concessions from Theresa May on the so-called divorce settlement are likely and could avert further weakness. But the real danger to Sterling is in the details of transition and the future relationship. 

October 3,2017

construction data british pound 1

September’s PMI surveys hit the market at the opening of a politics heavy week for Sterling, after the Conservative Party conference got under way at the weekend.

October 3,2017

Trader exchange rates

Pound Sterling is selling off aggressively in afternoon trade in London with no clear culprit being identified as being behind the move.

October 2,2017

Traders most bullish on Sterling since 2015

Data revealing how the world’s currency traders are positioned on various currencies shows sentiment towards Pound Sterling continues to improve.

October 2,2017

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