Sustainable gains in Sterling remain elusive after news reports Ireland has rejected a new plan to solve the Northern Ireland border question, leaving us unconvinced a new deal will be agreed between the EU and UK before October 31.
October 1,2019
We believe the most significant headlines on Monday for the British Pound involve fresh moves by the 'remain alliance' of political parties to try and further guarantee a 'no deal' Brexit takes place on October 31 with suggestions the Prime Minister could be forced to ask for a Brexit delay as early as Saturday.
September 30,2019
Studies of the GBP/EUR charts indicate that limited near-term weakness is likely, but the outlook on longer-term timeframes is more uncertain. Expect politics to remain in the driving seat for Sterling from a fundamental perspective.
September 30,2019
The British Pound was seen coming under renewed pressure against the Euro, Dollar and other major currencies ahead of the weekend with market's continuing to shed exposure to the UK currency in an environment of increasing political uncertainty and deepening divisions over Brexit.
September 29,2019
"We expect a sharp depreciation in GBP to accompany the initial stages of a no-deal Brexit" - Barclays.
September 27,2019
The return of Parliament has coincided with a fresh bout of selling in the British Pound, with markets finding little by way of progress towards a resolution to the current Brexit impasse.
September 27,2019
There is certainly a sense that markets are stepping back from pushing the UK currency higher following weeks of gains as positive political momentum fades: despite the bucket loads of political intrigue emanating from Westminster, very little has in fact changed for the currency markets.
September 25,2019
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