[vc_row][vc_column][vc_column_text]Pound comes under pressure as UK political uncertainty persists Political volatility in the UK prompted sharp movement for the pound over the course of the last week as Theresa May saw off a leadership challenge, securing her position for another twelve months. While the European Central Bank (ECB) followed through on plans to end its […]

[vc_row][vc_column][vc_column_text] Pound under pressure as MPs push back against Brexit deal Pound exchange rates slumped sharply on Thursday last week after Brexit secretary Dominic Raab unexpectedly resigned in protest against at Theresa May’s proposed Brexit deal. This reversed the positive impact of the initial news that the UK and EU had finally reached an agreement, […]

[vc_row][vc_column][vc_column_text]Increased hopes for a Brexit deal encouraged the pound to push higher across the board last week, even though UK data demonstrated fresh signs of weakness. Solid US data continued to boost the case for the Federal Reserve to raise interest rates again before the end of the year, keeping the US dollar on a […]

[vc_row][vc_column][vc_column_text]Comments from chief EU negotiator Michel Barnier prompted the pound to surge higher across the board last week, with investors betting on the odds of a softer form of Brexit. This relief proved short-lived, however, as Barnier later clarified that the EU’s red lines have not changed and that the prospect of a no-deal Brexit […]

[vc_row][vc_column][vc_column_text]Brexit worries picked up once again during the course of the last week, with the deadline for the conclusion of withdrawal treaty talks pushed back from October to November. In the wake of the bank holiday weekend the pound still looks a little sluggish, maintaining its downside bias against both the euro and US dollar. […]

[vc_row][vc_column][vc_column_text]Trade in the pound was mixed last week as renewed confidence of an August rate hike from the Bank of England was offset by a blurry outlook regarding Brexit. The mixed trade in Sterling looks set to continue at the start of this week as GBP/EUR slides to €1.1224, while GBP/USD edges up to US$1.3109. […]

[vc_row][vc_column][vc_column_text] Pound volatile on Brexit uncertainty, ECB speculation bolsters euro Trade in the pound was mixed during last week’s session as some upbeat UK economic data was met by growing Brexit uncertainty. Sterling continues to struggle this week as well, with GBP/EUR tumbling to €1.1367 and GBP/USD sliding to US$1.3406. Looking ahead, the Federal Reserve […]

UK wage outlook keeps GBP on soft form, poor data weakens USD. With everyone more focused on turkey rather than the currency market, last week was quiet

Last week saw the recent volatility in the pound continue as investors reacted to some important UK data and the last developments in the Brexit process.

[vc_row][vc_column][vc_column_text]Last week saw some major pound volatility as investors reacted to an eventful week in Brexit negotiations. The pound opened this week trading lower again, with GBP/EUR trending narrowly around €1.1317 and GBP/USD having slumped to US$1.3340. Sterling movement is likely to be more data driven this week due to a number of major domestic […]