[vc_row][vc_column][vc_column_text]The pound continued to struggle last week as heightened political uncertainty in the UK capped demand for GBP. Sterling continues to trade in a narrow range at the start of this week as well, with GBP/EUR muted at €1.1225, while GBP/USD is flat at US$1.2591. Looking to the week ahead, the session looks to be […]

[vc_row][vc_column][vc_column_text]As Theresa May announced her resignation as leader of the Conservative Party the pound came under fresh pressure, with markets wary of the prospect of a hard-leaning Brexiteer winning the ensuing leadership contest. The euro also struggled to gain ground over the course of the week thanks to the increasingly dovish outlook of the European […]

[vc_row][vc_column][vc_column_text] The collapse of cross-party Brexit discussions left the pound on a weaker footing, with political uncertainty looking set to dominate the domestic outlook in the months ahead.   Although the first quarter German and Eurozone gross domestic product data showed an improvement on the previous quarter this was not enough to shore up the […]

[vc_row][vc_column][vc_column_text]Brexit uncertainty saw the pound struggle last week as markets braced for the possibility of the UK leaving the EU without a deal, although GBP did later recoup some of its losses on signs of progress. The mood towards the euro soured significantly, meanwhile, as the German manufacturing sector saw its worst monthly performance in […]

[vc_row][vc_column][vc_column_text]As the last week’s raft of parliamentary votes saw the odds of a no-deal Brexit decline this helped the pound to make fresh gains against its rivals, in spite of an ongoing sense of political uncertainty. Confidence in the euro, meanwhile, eased as the latest German inflation data saw a surprise downward revision. With the […]

[vc_row][vc_column][vc_column_text]The pound fell back against the majority of its peers last week, limping over the finishing line as Brexit jitters rocked the currency ahead of a series of key votes. Sterling appears steady at the start of this week, with GBP/EUR flat at €1.1571, while GBP/USD holds at US$1.3009. Looking to the week ahead, we […]

[vc_row][vc_column][vc_column_text] Lower odds of no-deal Brexit spur pound surge The pound climbed to multi-month highs against the majors as worries over the threat of a potential no-deal Brexit eased, benefitting from the promise of additional parliamentary votes. A better-than-expected uptick in February’s German consumer price index offered support to the euro, meanwhile, as inflation in […]

[vc_row][vc_column][vc_column_text]Worries over Brexit continued to weigh on the pound, with markets unsettled by Theresa May’s decision to postpone the ‘meaningful’ parliamentary vote once again. The euro struggled to find support, meanwhile, as economic confidence in both Germany and the wider Eurozone continued to weaken. Signs of increasing reticence among Federal Reserve policymakers put pressure on […]

[vc_row][vc_column][vc_column_text]The pound enjoyed its fourth week of consecutive gains last week, with Sterling striking new multi-month highs against its peers as it was bolstered by a growing feeling that the UK will avoid a no-deal Brexit. Sterling appeared to have run out of steam this week however, with GBP/EUR dipping to €1.1538 and GBP/USD flat […]

The pound continued to trend higher last week as investors became increasingly optimistic of a no-deal & brexit will be avoided