Brexit Negotiations

The Pound will have to endure a volatile December that could yet result in punishing losses if things go the wrong way for the government but the overall risk for Sterling is now tilting toward the upside, according to RBC Capital Markets. 

Pound Sterling could be protected from significant weakness over coming days and weeks on moves by parliamentarians to prevent a 'no deal' Brexit taking place in March 2019, however we expect the currency to maintain a soft undertone ahead of the key December 11 Brexit vote.

Bank of England policy makers have stood by analysis suggesting the British Pound is at risk of losing substantial ground in the event of a disruptive 'no deal' Brexit taking place in 2019.

A delay to the deadline for the UK’s withdrawal from the EU is now a highly likely Brexit scenario given fierce opposition to the government’s deal, says Handelsbanken, and this will keep Sterling under pressure during 2019.

The British Pound would come under substantial pressure under a no deal Brexit scenario warns the Bank of England.

The Prime Minister is facing a bruising defeat in the House of Commons when it votes on her Brexit deal in December and there are fears she might be unable to continue in her role as a result.

The Pound will fall back toward its post-referendum low against the Euro over the next six weeks, according to Capital Economics, whose forecasters say the U.K. currency and economy will have a turbulent time over the coming months.

The outlook for the British Pound is remarkably stable according to technical studies which discount the thick soup of negative news surrounding the E.U.-U.K. Brexit deal.

We gauge the mood amongst currency strategists and analysts as to where they see the British Pound heading over coming days.

The British Pound might be trading at elevated levels in the face of fresh news that suggests it is unlikely the E.U.-U.K. Brexit deal will come into force, raising the prospect of a 'no deal' Brexit in 2019.

The outlook for the Pound ultimately lies with whether or not European leaders step forward with a compromise to rescue their Brexit deal.

Scenarios facing the British Pound over coming days and weeks as markets react to increasingly likelihood of a 'no deal' Brexit.

The British Pound has plummeted on the news the U.K.'s Brexit Secretary Dominic Raab has quit government in protest over the Brexit deal struck by the E.U. and U.K.

We are hearing a host of strategists and analysts suggest the outlook remains decidedly fragile for Sterling over coming hours and days as the hurdles to any Brexit deal passing through the U.K. parliament emerge.

"We already think GBP may be overreacting to the upside and faces considerable challenges as the process of ratification continues" - Adam Cole, RBC Capital Markets.

It is reported E.U. and U.K. have agreed a text on how to avoid a hard border on the island of Ireland suggesting the final and most contentious stumbling block to a Brexit deal has been reached.

The British Pound is on the front foot amidst reports a Brexit deal can be secured within the next two days.

Following a poor start to the new week the British Pound is seen consolidating against the Euro, giving rise to hopes that a full-blown fire-sale of the currency has been avoided.

Pound Sterling has endured a torrid start to the new week as Brexit headlines prompt traders to become more cautious on the prospects of the E.U. and U.K. agreeing a Brexit deal before the end of the year.

The Pound is on course to recover more of its 2018 loss from the U.S. Dollar but the path higher will be a long and winding one littered with potholes, according to strategists at Bank of America Merrill Lynch.