UK election 10 days away, GBP volatility forecast
The pound spent last week fluctuating in response to the latest UK political developments, while the mood towards the euro [...]
Currencies
Pound tumbles
UK service sector growth slumps to 40-month low. The pound slumped at the end of last week as markets were left disappointed by the UK’s latest PMI figures.
Confidence in the underlying health of the UK economy weakened
An unexpected deterioration from the UK services PMI left the pound on a weaker footing as worries over the fourth quarter growth outlook mounted.
Pound comes under renewed pressure
An unexpected shift towards dovishness from the Bank of England (BoE) saw the pound come under renewed pressure ahead of
UK election speculation drives GBP movement
The former October Brexit deadline slid by on Thursday with the UK still a member state of the European Union
Reduced odds for a no-deal Brexit drive pound higher
Last week saw GBP investors cheer news that UK and EU negotiators had reached a consensus, sharply reducing fears for
Brexit, Currencies, French News
Pound hits fresh highs as markets bet on imminent Brexit deal
An unexpected breakthrough in Brexit talks last week helped to drive the pound to fresh multi-month highs ahead of the
Intense Brexit talks lift pound to four-month highs
The pound rose sharply across the board on Friday, driven by hopes for a Brexit breakthrough between UK and EU
Pound suffers as optimism over Johnson’s Brexit proposals
An initially positive reaction to Boris Johnson’s Brexit proposal was not enough to keep the pound on an uptrend for
ECB action fails to hold down euro
The pound (GBP) failed to cling onto its monthly high as hopes for a potential Brexit extension dwindled. Although the