It's a soft start to the week for Pound Sterling with foreign exchange markets cutting back on exposure to the currency as they eye a critical few days in Brexit politics.
March 11,2019
The market is seeing Brexit risks through rose-tinted glasses, says Jane Foley, senior FX strategist at Rabobank, and an argument that the Pound is overvalued in the short-term can therefore be made.
March 10,2019
Pound Sterling remains the best performing G10 currency for 2019, but we are hearing analysts say the currency will struggle to advance any further during coming weeks because an extension of the Article 50 exit period is about to prolong the uncertainty hanging over the economy.
March 8,2019
Analysts warn that should Prime Minister Theresa May's Brexit deal be shot down next week, the British Pound could find itself coming under notable pressure, even if UK parliamentarians vote to delay Brexit.
March 8,2019
The British Pound is seen trading steady in the midweek session, albeit well off recent highs as traders express nerves that the UK will be unable to secure the kind of assurances required from Brussels to pass Prime Minister Theresa May's Brexit deal.
March 6,2019
Pound shows an initial positive reaction to Service PMI beat but we expect the gains to be limited as the details of the report are actually quite poor.
March 5,2019
The strong start for Sterling comes as markets continue to price out a 'no deal' Brexit occurring on March 29, with foreign exchange markets on Monday digesting conflicting news on what it is UK Attorney General Geoffrey Cox is likely to achieve in his negotiations with the EU.
March 5,2019
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