The British Pound is trading higher at the start of the new week as markets assess that the chances of a no deal Brexit are diminishing once more.
August 27,2019
Ahead of the weekend we see the British Pound is coming off the three-week highs it recorded against the Euro, U.S. Dollar and other currencies, with analysts expressing scepticism that the bounce following Prime Minister Boris Johnson's trip to France and Germany can be sustained.
August 24,2019
The British Pound added to recent gains Thursday as markets digested the latest headlines on the Brexit impasse with French President Emmanuel Macron appearing to side with Germany's Angela Merkel in agreeing to allow the UK to present alternatives to the Irish border 'bacstop'.
August 22,2019
Any positive headlines from the Johnson-Merkel meeting could see Sterling garner further support.
August 21,2019
Prime Minister Johnson has potentially fired the starting gun on a fresh round of Brexit negotiations which - on the margin - are supportive of Sterling in that it suggests there is a route to a new Brexit deal being struck, thereby preventing the EU and UK parting ways without a deal on October 31.
August 22,2019
The Pound starts the new week softer, and is seen just off its recent multi-day highs as markets await further direction on the Brexit process.
August 19,2019
The Pound advanced against the Dollar, Euro and other major rivals Thursday as so-called risk assets recovered from an earlier sell-off, although the British currency was aided higher by strong July retail sales figures that have encouraged speculation of a third-quarter economic recovery in the UK.
August 15,2019
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