The British Pound strengthened on the final day of trade in October, amidst polls showing that the Conservative Party maintain a comfortable lead, that if maintained could deliver a majority Government for Boris Johnson.
November 1,2019
With Parliament agreeing a December 12 election, the door to a period of fresh political uncertainty is now open for Sterling.
October 30,2019
The strong upside momentum seen earlier in October has certainly faded, with traders and investors eyeing a General Election campaign in the lead up to Christmas as being a reason to remain cautious on the UK currency.
October 30,2019
The British Pound is seen trading with a slightly positive tone at the time of writing on Monday morning following the agreeing of a Brexit extension by the EU, while one major financial services institution saying they are now going 'overweight' the currency.
October 28,2019
The Pound rose was on its front foot Monday after the EU granted the UK a 'flextension' of the Article 50 period and amid speculation the Prime Minister may have the number of votes required to trigger an election, although technical analysts studying the charts suggest the British currency can make further gains in the days ahead.
October 28,2019
Foreign exchange strategists at HSBC say they believe the "balance of risks" facing the British Pound are now tilted to the upside.
October 26,2019
The British Pound is likely to retain a heavy tone in the short-term as the UK political environment descends into crippling uncertainty, after the Government said it would table a vote for an early General Election on Monday but opposition parties indicated they would once again reject the request.
October 25,2019
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