The British Pound rose 0.75% against the Euro and 2.32% against the U.S. Dollar in August, a rally that is viewed as unsustainable by a number of foreign exchange commentators we follow.
September 4,2020
The U.S. Dollar rallied against the Pound and Euro while stock markets eased back from recent highs after the Federal Reserve Chairman Jerome Powell announced the central bank had agreed a new set of policies aimed at supporting the economy and the labour market.
August 27,2020
The British Pound trades towards the top of its August ranges against the Euro and Dollar, but we expect some potentially significant financial market volatility on Thursday and Friday as central bankers address the Jackson Hole symposium.
August 27,2020
The British Pound remains well supported on global FX markets, having shaken off a bout of Brexit-related nerves triggered by last week's confirmation that EU and UK negotiators remain deadlocked after the completion of a seventh round of negotiations.
August 26,2020
The odds of the UK failing to agree a trade deal with EU is at 60%, according to economists at Berenberg Bank.
August 25,2020
The British Pound starts the new week at familiar levels against the Euro and Dollar, with Friday's sell-off in the wake of the latest round of Brexit trade negotiations appearing to have been relatively short-lived.
August 24,2020
Another round of trade negotiations have concluded with confirmation that no progress has been made on outstanding areas of dispute, confirming we will have to wait for an October meeting of EU leaders for a final breakthrough.
August 24,2020
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