The British Pound started the new week on the front foot against the Euro, Dollar and other major currencies amidst an improvement in sentiment towards the UK currency based on a view a Brexit trade deal was on course to be delivered, however nerves are expected to remain elevated ahead of a crunch meeting of EU leaders on Thursday and Friday.
October 12,2020
The British Pound is the best performing major currency of the past month owing to a steady rise in odds that the EU and UK will reach a post-Brexit trade deal. However, some analysts are unconvinced this improved optimism towards Sterling is warranted and that investors are under appreciating the prospect of a 'no deal' outcome.
October 9,2020
The British Pound is both highly volatile and trend-less at the same time, a consequence of markets reacting to the latest Brexit headlines but ultimately showing little conviction on whether now is a good time to buy or sell the Pound.
October 8,2020
The British Pound traded softer in the midweek trading session amidst a rise in concerns the UK and EU would separate at the end of 2020 without a Brexit deal.
October 7,2020
The British Pound has dipped sharply against the Euro, Dollar and other peers on Tuesday with market participants citing a newswire report that the EU will not be ready to meet the UK's soft deadline for a Brexit trade deal to be agreed by October 15.
October 6,2020
The British Pound is firm at the start of the new week and is trading at levels consistent with a more optimistic market view on the prospect of a post-Brexit trade deal being reached between the EU and UK.
October 9,2020
The British Pound is expected to remain volatile ahead of the weekend as investors await further headlines concerning the state of Brexit trade negotiations.
October 9,2020
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