Pound Sterling strengthened into the start of October having been boosted by signals the EU and UK might be closing in on a deal for fisheries.

October 5,2020

The British Pound's recovery against the Euro, Dollar and other major currencies was stopped after markets reacted to comments by Bank of England Governor Andrew Bailey on the prospect of UK interest rates turning negative in the future, while a looming update on Brexit trade negotiations will increase nerves.

October 5,2020

The British Pound has already this week recovered back above 1.10 against the Euro and above 1.28 against the U.S. Dollar as investors increase expectations for a post-brexit trade deal to be agreed over coming weeks, although progress towards an agreement is unlikely to be smooth which has left numerous foreign exchange analysts questioning the Pound's recent resilience.

September 29,2020

The British Pound is trading higher against the Euro, Dollar and other major currencies at the start of the new week amidst improved sentiment to the outcome of Brexit trade negotiations, which are due to end this week with a Thursday post-negotiating briefing likely to be a highlight.

October 1,2020

The Pound was the third best performing major currency for the week on Friday and despite an inhospitable environment for risk assets, but price action could get wilder in the weeks ahead if currently “dreadful liquidity”conditions and the final quarter’s Brexit deadlines collide. 

September 25,2020

Reports of progress being made in ongoing Brexit trade negotiations and the announcement of further fiscal support measures by the Government have aided a recovery in the British Pound against the Euro, Dollar and other major currencies.

September 24,2020