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 recovery and expectations for an EU-UK trade deal to be agreed by October.
August 10,2020
The British Pound has rallied strongly against the Euro, Dollar and all of its major peers over the course of the week, a move that has come despite falling stock markets and a distinct lack of headlines on Brexit and has left foreign exchange analysts scratching their heads as to the reasons behind the outperformance.
July 31,2020
Foreign exchange analysts at Bank of America Merrill Lynch Global Research have issued fresh downgrades to their British Pound forecasts, saying the economy is on the cusp of another major reset in the face of the dual shocks of covid and Brexit.
August 4,2020
The British Pound enters mid-week trade as the top-performing major currency of the past 24 hours, advancing against all its peers amidst an ongoing recalibration of global FX markets that saw an overbought Euro pare gains and an out-of-favour Dollar shrink back further.
August 3,2020
The British Pound has rallied to reach a four-and-a-half-month high against the U.S. Dollar on Monday after the GBP/USD exchange rate hit 1.2859 amidst an ongoing rout of the U.S. Dollar.
July 31,2020
The Pound was vying with the Euro in a kneck-and-kneck race for third place in the week's major currency league table Friday after economic data challenged the popular perception of a UK economy lagging behind continental peers.
July 31,2020
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Pound Sterling slipped deeper into the red against most major rivals Thursday after Brexit negotiators confirmed that no progress has been made in the pursuit of a UK-EU trade deal after both sides doubled down behind their respective red lines, risking further underperformance for the British currency.
July 31,2020
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