The British Pound advanced in mid-week trade in the wake of a fresh overture from the EU's Chief Negotiator Michel Barnier, which have raised the prospect of talks restarting and a deal being agreed over coming weeks.
October 23,2020
The door to further gains in the British Pound were opened by developments at the start of the week that saw the EU and UK effectively commit to an intensification of Brexit trade negotiations, erasing fears that the UK would walk away from talks.
October 23,2020
The British Pound starts the new week trading higher against the Euro, Dollar and other currencies in a sign that the foreign exchange market is not buying into UK Prime Minister Boris Johnson's threat to walk away from talks.
October 23,2020
The British Pound experienced turbulence ahead of the weekend after UK Prime Minister Boris Johnson responded to an ongoing impasse with the EU in efforts to secure a free trade deal.
October 23,2020
British Pound volatility extended into a key meeting of EU leaders on Thursday where ongoing Brexit trade negotiations would be discussed, with the +1.0% gains recorded against the Euro and Dollar at one stage on Wednesday giving way to losses.
October 23,2020
The British Pound has endured years of underperformance - valued well below fair-value - thanks to political and medical upheaval, specifically the 2016 EU referendum result, ensuing Brexit negotiations and the onset of the covid-19 crisis in 2020.
October 14,2020
The Pound is likely to remain highly reactive to headlines concerning negotiations over the near-term, but it is not expected to enter a more protracted directional move until there is clearer guidance as to whether a deal is likely or not.
October 23,2020
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