Pound Sterling trades with a soft tone ahead of the weekend and the Christmas break amidst ongoing uncertainty as to how the Brexit impasse in the UK parliament will play out. Today trader focus will be on GDP, current account and public finance data releases.
December 21,2018
The price of hedging against sizeable declines in Sterling in the future have fallen, suggesting the market now sees less chance of a ‘hard Brexit’.
December 21,2018
* Retail sales first up at 09:30 * Bank of England guidance due at 12:00 * Pound Sterling likely to fade any gains or losses stemming from today's events as markets will stay focussed on the January Brexit vote in parliament.
December 21,2018
Economic Data is on tap for Sterling today with the release of the latest inflation numbers by the ONS at 09:30 GMT.
December 19,2018
* EU won't consider a managed 'no deal' Brexit * UK continues preparations for 'no deal' * Retail sector slowdown heralds weaker UK economy at year-end * Technical studies suggest GBP to remain under pressure.
December 19,2018
- Sterling to remain 'relatively steady' until January 14 Brexit vote - ABN Amro analysts give a boost to Sterling bulls at year-end - Say 'no deal' Brexit increasingly unlikely - Sterling forecast to recover in 2019.
December 18,2018
The Pound trades with a soft undertone Friday, nursing a weekly loss of 0.5% against the Euro and 0.75% against the Dollar ahead of the weekend on news there has been no last-minute concession from the European Union to help sell the Brexit deal to a divided parliament.
December 17,2018
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