The British Pound was seen relinquishing many of the previous day's gains following the release of data that confirms the UK's labour market continues to soften.
November 12,2019
The British Pound has moved notably higher in Monday trade after the Brexit Party announced they will not contest existing Conservative seats.
November 11,2019
The British Pound opens the new week close to recent levels against the Euro, U.S. Dollar and other major currencies, but some short-term volatility could be introduced into Sterling exchange rates should today's economic data release provide a surprise.
November 12,2019
If the result of the next general election is a Conservative win with a majority the British Pound will rise substantially versus the U.S. Dollar, reaching as high as 1.35, maybe even 1.40, says Peter Kinsella, global head of FX strategy at Union Bancaire Privee.
November 8,2019
Pound Sterling was in retreat Thursday after the latest interest rate decision revealed dissent on the Monetary Policy Committee (MPC) Bank of England (BoE), with some rate setters having voted for an immediate reduction in borrowing costs in order to support the slowing economy.
November 7,2019
The British Pound is seen trading softer against the U.S. Dollar on Tuesday, but is holding familiar levels against the Euro as a multi-week recovery is put on hold by the General Election campaign.
November 5,2019
"GBP has scope to edge higher against most major currencies. Recent polls of voting intentions show the Conservative party’s lead is widening and they could achieve a majority government" - Kim Mundy at CBA.
November 4,2019
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