23 November 2020 Pound Sterling Higher on Twin Hopes of Brexit Deal Next Week & News of Oxford Vaccine Success

The British Pound started the new week higher amidst reports UK Prime Minister Boris Johnson was set to make a political intervention in Brexit trade negotiations with a view to achieving a deal by…

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20 November 2020 Trade Negotiations: No Deal Yet, but Pound Sterling is Chipper ahead of the Weekend

The EU's trade negotiation team has updated European politicians this morning, and confirmed there remains work to be done if a post-Brexit trade deal is to be agreed before year-end.

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17 November 2020 Brexit Trade Deal Possible Next Tuesday, (or Year-end, Depending on the Source)

The UK and EU could sign a post-Brexit trade deal as early as next week, according to reports. However, contradictory briefings suggest negotiations can really run down to the wire and that the rea…

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16 November 2020 Brexit Talks Unlikely to Conclude on November 19, Restricting the Pound's Potential

The British Pound starts the new week in distinctly mixed fashion by edging lower against the Euro and higher against the U.S. Dollar and a number of other major currencies.

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11 November 2020 Pound Loses Some Momentum on News Brexit Deadline Due to be Pushed Back

Pound Sterling has reversed some of its earlier gains on headlines out midweek that the EU and UK likely to miss next week's deadline, but analysts say such a delay is unlikely to materially dent t…

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10 November 2020 Pound Jumps 1.0% on Vaccine Boost and Hints of Compromise on Fishing in Trade Negotiations

A combination of rallying global stock markets and news that the UK might shift its position on the matter of fishing rights in ongoing EU-UK trade negotiations have conspired to push the Pound hig…

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09 November 2020 Pound Sterling: Goldman Sachs Optimistic on a Brexit Deal, Recommend Selling the Euro

The British Pound remains a buy against the Euro with foreign exchange strategists at Wall Street bank Goldman Sachs, who remain optimistic that a deal will be struck between the EU and UK on a fut…

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06 November 2020 Pound Sterling Retreats against Euro on Downbeat Barnier Comments, but Johnson and von der Leyen to Talk Saturday

It has emerged that the EU's Chief Negotiator Michel Barnier has given a downbeat assessment on the prospect of a post-Brexit trade deal being reached by the EU and UK, a development that will like…

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05 November 2020 EU Commission Forecasts Assume 'No Deal' Outcome to Post-Brexit Trade Negotiations, see UK GDP Lagging that of Euro Area in 2021

The European Commission has released its latest economic forecasts for the EU, Euro Area and the UK, with projections built on an assumption the EU and UK will fail to strike a post-Brexit trade de…

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29 October 2020 Brexit Progress Supports Pound Sterling against Euro and Dollar in a Stormy Market

The British Pound has outshone the Euro and a host of other major currencies on news of progress in post-Brexit trade negotiations.

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27 October 2020 Pound Sterling: "Brexit Talks Face a Roadblock" to Keep Upside Limited against Euro and Dollar

"We continue to see a path for a sharply higher GBP/USD cross into year-end—if several risk events cut in the right direction" - Goldman Sachs.

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23 October 2020 France said to Soften Stance on Fishing

It is reported Friday that France is preparing to give ground on the matter of one of the main outstanding issues preventing negotiators from striking a post-Brexit trade deal: fishing.

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22 October 2020 Pound Bought against Euro & Dollar on Intensification of Brexit Trade Negotiations

The British Pound recorded its strongest daily gain against the U.S. Dollar, Euro and other major peers since March amidst an upsurge in optimism that the EU and UK were headed towards a post-Brexi…

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21 October 2020 Pound Sterling Jumps on News Trade Negotiations are to Restart

The British Pound advanced in mid-week trade in the wake of a fresh overture from the EU's Chief Negotiator Michel Barnier, which have raised the prospect of talks restarting and a deal being agree…

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20 October 2020 EU Make "Constructive Move" to Further Talks but UK still Coy

The door to further gains in the British Pound were opened by developments at the start of the week that saw the EU and UK effectively commit to an intensification of Brexit trade negotiations, era…

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19 October 2020 Barnier Makes an Overture that Could Oil Progress in Trade Negotiations

UK and EU trade talks look set to continue after the EU made a notable overture to the UK on Monday, in an effort to intensify negotiations.

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16 October 2020 Pound Sterling Volatile after Johnson says Australia-style Trade Deal Likely, says UK Stepping Back from Talks

The British Pound experienced turbulence ahead of the weekend after UK Prime Minister Boris Johnson responded to an ongoing impasse with the EU in efforts to secure a free trade deal.

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15 October 2020 Macron Won't Budge on Fishing

British Pound volatility extended into a key meeting of EU leaders on Thursday where ongoing Brexit trade negotiations would be discussed, with the +1.0% gains recorded against the Euro and Dollar …

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14 October 2020 Pound Sterling Recovers, but Fisheries Showdown Looms Large

The Pound is likely to remain highly reactive to headlines concerning negotiations over the near-term, but it is not expected to enter a more protracted directional move until there is clearer guid…

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12 October 2020 Pound Sterling Extends Gains Above 1.10 vs. Euro, 1.30 vs. Dollar, amidst Latest Brexit Developments

The British Pound started the new week on the front foot against the Euro, Dollar and other major currencies amidst an improvement in sentiment towards the UK currency based on a view a Brexit trad…

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