Trade Negotiations - Results from #40

08 October 2020 Pound Sterling Holds Key Levels against Euro and Dollar amidst signs of Potential Brexit Talks Breakthrough

The British Pound is both highly volatile and trend-less at the same time, a consequence of markets reacting to the latest Brexit headlines but ultimately showing little conviction on whether now i…

07 October 2020 Pound-Euro Rate Back Below 1.10 on News EU is Hardening Stance on Fisheries

The British Pound has endured another volatile 24 hours as investors react to headlines on the state of Brexit trade negotiations which are now being tipped to extend into November, with the latest…

05 October 2020 Pound Sterling "Could Edge Higher" on Commitment to Intensify Trade Negotiations

The British Pound is firm at the start of the new week and is trading at levels consistent with a more optimistic market view on the prospect of a post-Brexit trade deal being reached between the E…

01 October 2020 Pound Sterling in Strong Start to October Aided by Growing Hope for EU-UK Fisheries Deal

Pound Sterling strengthened into the start of October having been boosted by signals the EU and UK might be closing in on a deal for fisheries.

28 September 2020 Pound Sterling Firms on Hopes Final Brexit Trade Negotiations Deliver Progress

The British Pound is trading higher against the Euro, Dollar and other major currencies at the start of the new week amidst improved sentiment to the outcome of Brexit trade negotiations, which are…

25 September 2020 British Pound: A Wild West of the Currency Market as “Dreadful Liquidity” Presides Over Brexit

The Pound was the third best performing major currency for the week on Friday and despite an inhospitable environment for risk assets, but price action could get wilder in the weeks ahead if curren…

25 September 2020 Pound Sterling Outperforms Euro on "Cautious Optimism a Deal can Still be Found"

The British Pound was the best performing major currency on Thursday following a newswire report that the EU was "open to a 'thin' Brexit deal" and that on the EU side there was "cautious optimism …

21 September 2020 Lloyds, Barclays Accused of "Outrageous Failure" in Ditching Expat Bank Accounts

UK high street lenders have been accused of "outrageously failing" British expats living in Europe following weekend reports that they would be shutting down their accounts after the UK leaves the …

17 September 2020 Pound Sterling Jumps on von der Leyen Comments on a Day of Heightened Volatility

It's been a volatile day for the British Pound after it fell on the Bank of England's September policy event to then shoot higher hours later on comments made by EU Commission President Ursula von …

17 September 2020 Pound Sterling Firms vs. Euro & Dollar as Govt. Softens Stance on IMB

The British Pound has traded higher against the majority its peers over the course of the past 24 hours as it recovers from heavily-sold conditions and is boosted by news that Prime Minister Boris …

14 September 2020 London's Euro Clearing at Risk in Spat Over Internal Markets Bill

The EU is set to delay a decision on allowing City of London clearing houses to continue clearing Euro transactions for EU-based clients due to concern over Britain's plan to breach its Brexit divo…

10 September 2020 Pound Sterling Under Renewed Pressure as EU Drops an Ultimatum

The British Pound extend its week of decline on Thursday with losses accelerating against the majority of its peers as markets ramped up their expectations for a 'no deal' outcome to Brexit trade n…

09 September 2020 Pound Sterling Sell-off Extends into Mid-week Session

The British Pound's sell-off looks set to enter another day with the currency down against all its major peers in mid-week trade, with analysts citing a deterioration in relations between the EU an…

04 September 2020 Brexit Trade Deal Chances set at 30-40% in Downing Street: Reports

The Prime Minister's office is reported to only see a 30-40% chance of a post-Brexit trade deal being agreed with the EU before the end of 2020, a number that is well below that assumed by financia…

02 September 2020 Barnier Pushes for October Brexit Trade Deal, UK Rejects Accusation it Has Not "Engaged Constructively"

The EU's Chief Negotiator Michel Barnier has given an update on the state of play in EU-UK Brexit trade negotiations, confirming that there has been little progress in the core areas of fishing rig…

25 August 2020 Berenberg: 60% Chance of "Semi Managed Hard Exit" from EU

The odds of the UK failing to agree a trade deal with EU is at 60%, according to economists at Berenberg Bank.

21 August 2020 Pound Sterling Blunted as Brexit Trade Negotiations End in Predictable Deadlock

Another round of trade negotiations have concluded with confirmation that no progress has been made on outstanding areas of dispute, confirming we will have to wait for an October meeting of EU lea…

14 August 2020 UK wants September Trade Deal with EU says Frost

The British Pound outshone the majority of its peers over the course of the past 24 hours as it looked to recover from a shaky start to August, with gains coming against a broadly softer U.S. Dolla…

13 August 2020 Pound-Dollar Rate Becomes Key Battleground for EUR/USD Bulls as Brexit Chatter Adds to Noise

The Pound-to-Dollar rate has become a key battleground for Euro bulls as the trade-weighted single currency scales new highs, throwing a spanner in the works of a market looking to see more losses …

03 August 2020 Trade Deal Pessimism Looks Misplaced, Leaves Sterling Looking Cheap

The British Pound was the best performing major currency of the past week, with gains coming amidst a combination of better than expected domestic economic data, an ongoing global stock market reco…