The first real political test for the British Pound comes today when Prime Minister Boris Johnson and European Commission President Ursula von der Leyen meet to set the groundwork for negotiations on trade and the future relationship between the EU and UK.
January 14,2020
The Pound fell against most of the world's major currencies at the start of the new year with no obvious trigger behind the move, but foreign exchange analysts and commentators suggest some of the weakness in the currency could be due to building anxiety over looming EU-UK trade negotiations.
January 6,2020
The Pound was on its front foot in the final session of 2019 Tuesday and is on course to see out the year as the second best performing major currency, although international factors were driving price action ahead of year-end while the Brexit negotiations are expected to take centre stage in 2020.
December 31,2019
The Pound is tipped by one of the UK’s leading economic forecasters to depreciate against the Dollar and Euro in 2020 as fears of a ‘no deal’ Brexit rise again, although a weaker Pound Sterling next year is increasingly becoming a consensus view.
December 30,2019
The Pound advanced on the Euro, Dollar and all other major rivals in thin holiday trade Monday although the British currency could soon meet resistance from its U.S. and European rivals on the charts.
December 30,2019
The Pound led a broad advance of major currencies against the U.S. Dollar in thin trade Friday after having found support on the charts earlier in the holiday-shortened week.
December 27,2019
Pound Sterling remains fixated on the path toward a future trade relationship with the EU but will also now have to contend with heightened uncertainty about the outlook for interest rates in the months ahead after Andrew Bailey was announced Friday as the next governor of the Bank of England (BoE).
December 20,2019
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