The British Pound starts the new in a tight range against the Euro and U.S. Dollar, with traders taking money off the table ahead of what is expected to be a critical week for Brexit developments.
October 7,2019
Prime Minister Boris Johnson will send a letter to the European Union asking for a Brexit delay if no divorce deal has been agreed by October 19, according to government papers submitted to a Scottish court.
October 4,2019
EU leaders have poured cold water on the UK's latest Brexit proposals, ensuring the Pound has retreated from the highs it experienced earlier in the week.
October 4,2019
The key opponents to former Prime Minister Theresa May's Brexit deal appear ready to back the new deal being sought by Boris Johnson, and markets are betting this markedly raises the prospect of a Brexit deal being struck.
October 3,2019
Brexit-backing hedge funds who're betting against companies listed on the London stock market could in some cases actually be wagering that the UK ultimately sees only a 'soft' exit from the EU which, for shareholders of those earning the bulk of their revenue in foreign currencies, would be unwelcome news.
October 4,2019
The British Pound remains relatively well supported against its major competitors on Thursday, October 03 with foreign exchange markets opting to watch the currency from the sidelines as they try to gauge whether the UK's final Brexit proposals to the EU will be accepted.
October 3,2019
The Pound was on the defensive Wednesday as Prime Minister Boris Johnson's latest Brexit proposals were reportedly criticised in Brussels and after the Conservative Party leader told grassroots supporters that the plan was a "final offer" that must now be met with compromise from the EU.
October 2,2019
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