Brexit Negotiations

The British Pound was seen gaining on the Euro, Dollar and other major currencies following comments by chief EU Brexit negotiator Michel Barnier that a Brexit deal was likely to be achieved in 6-8 weeks.

The British Pound has moved higher against key rivals ahead of the weekend in the wake of fresh comments pertaining to the Irish border question from the EU's chief Brexit negotiator Michel Barnier.

Some potentially bad news for those wanting a stronger Pound Sterling: the currency's recovery might be delated as it is unable to rid itself of political uncertainty next year.

The Pound has jumped: It appears a report about the potential softening of demands made by EU combined with comments from chief EU negotiator Michel Barnier are behind the move.

Strategists at UK high-street lender Barclays have confirmed to corporate and investment banking clients they believe Pound Sterling has absorbed a good portion of Brexit-related uncertainty.

Macron to push EU leaders towards Brexit deal EU meeting in Austria allow Sterling to edge towards fresh multi-day highs amidst improving Brexit-related sentiment. However, some analysts warn the Pound is merely experiencing a 'short-squeeze'.

The British Pound has surged higher against a host of major currencies mid-week following comments from chief EU Brexit negotiator Michel Barnier that "the EU is preparing to offer a partnership with Britain such has never been with any third country."

Pound Sterling has hit fresh 11-month lows against the Euro on Tuesday, August 28 with markets focussing on Prime Minister Theresa May's candid comments on a 'no deal' Brexit while on her Africa tour, saying such an outcome will not be "the end of the world."

Expectations for substantial moves in the Pound against the Euro over coming months are forecast by analysts as they continue to strategise the currency's outlook based on the type of Brexit deal that is likely to be struck by the EU and UK at the current juncture.

Fresh nerves for an under-fire British Pound on Thursday, August 09 on news reports Prime Minister Theresa May is stepping up the government’s preparations in case Brexit negotiations break down and the country crashes out of the European Union without a deal.

The British Pound is underperforming rivals at the start of the new week with market commentators blaming the ongoing trend by foreign exchange markets to price in a 'no deal' outcome to Brexit negotiations.

The British Pound sank to fresh session lows as the EU's Michel Barnier and Dominic Raab briefed the press as to the progress of the latest round of Brexit negotiations.

The British Pound perked up somewhat ahead of the weekend, coming off recent lows against the Euro and surging above 1.31 against the Dollar following the closing of Brexit-related talks in Brussels.

EU General Affairs Council is key risk for the British Pound ahead of the weekend having suffered its weakest close against the Euro of 2018 on the previous day.

The tone adopted by Dominic Raab and Michel Barnier following their meeting to discuss ongoing Brexit negotiations could trigger moves in the Pound over coming hours and days. 

"Risks remain skewed" to the downside for Sterling we are told by analysts and we believe comments from EU negotiators Barnier and Raab present the next key hurdle for the UK currency.

Sterling may catch a bid if Prime Minister Theresa May gets legislation through parliament in the face of opposition to her agenda by Jacob Rees-Mogg and other Conservative MPs who see her plans as a betrayal to Brexit voters.

Sterling continues to recover as UK White Paper detailing aims for future EU-UK trade is released, but detailed response from EU to shape the outlook with a positive response to push gains.

Sterling markets are trading an uncertain political tightrope at the start of the new week as Theresa May's government faces its biggest test yet thanks to the resignation of Brexit secretary David Davis.

Technical forecasts, data releases, analysis and commentary for the British Pound and Euro in the coming week.