Posts Tagged ‘BREXIT’
Are the US Polls Accurate or can Trump Stage Another Shock Victory?
GBP The Pound finished the week by hitting a seven-week high against the Euro. This high was due to confirmation from Ursula von der Leyen, the President of the EU commission that the UK-EU negotiations are making progress. Though she did confirm that there were two key issues which still needed to be sorted, these…
Read MoreThe Pound in Limbo, Dollar Continuing to Struggle and the Euro in for a Difficult Week
GBP Yet another rangebound week for the pound against the euro as it traded in a one and half percent range between 1.0931 and 1.1096. The price action has been driven as always by Brexit headlines though it feels that we are inches towards a deal as Emmanuel Macron was reported to concede his hard…
Read MoreIs Johnson’s Bluffing and Trump’s Last Chance
GBP Brexit negotiations dragged the pound backdown after hitting a 5-week high against the Euro on Wednesday afternoon. Boris Johnson’s self-imposed deadline of the 15th of October has now been and gone and with no further breakthroughs at the tenth round of talks tensions are starting to ride high on both sides of the channel.…
Read MoreBrexit, EU Summit and US Stimulus Talks
GBP The pound finished the week strongly and managed to match the weekly high against the Dollar at just over 1.30 as sentiment towards the UK EU negotiations turned positive yet again. Against the Euro the Pound spent most of the week bouncing between 1.1015 and 1.0960, the price action fuelled by headlines about the…
Read MoreAll eyes on Trump
GBP The Pound had a roller coaster week as it reacted to every headline and rumour coming out of the Brexit negotiations, with the volatility reaching 1.4% for the week. Though given the volatility the pound still managed to finish the week 0.3% up against the euro and just over 1% against the dollar. The…
Read MoreBrexit’s Final Showdown
GBP Last week the pound fell 1.8% against the dollar but gained 0.5% against the euro. The reason for the fall against the dollar was down to dollar strength compared to sterling weakness. The pound gained a boost on Thursday as Bank of England Governor Andrew Bailey commented on the use of negative interest rates…
Read MoreSecond lockdown and Brexit weigh on the pound
GBP The pound managed to regain some of the losses it has sustain since the release of the Internal Markets Bill and strengthened by one percent against both the US dollar and the euro. Sterling managed to survive the Bank of England’s dovish rate decision, which hinted at the use of negative interest rates soon.…
Read MoreAnother tough week for the Pound
GBP Last week the Pound fell by almost 4% against the euro due to the release of the Internal Market Bill which in the governments’ own words would breach international law. Boris Johnson said the bill is intended only as “a legal safety net designed to protect our country against extreme or irrational interpretations”. But…
Read MoreWill the ECB match the FED?
GBP The pound finished down 1.3% against the dollar last week after hitting an 8-month high of 1.3482 on Tuesday. Against the Euro, the pound ended the week flat but a 3-month high 1.1280 was hit on Wednesday. The pound saw most of its weakness come off the back of a Reuters report that the…
Read MoreDollar Down Yet Again
GBP Last week the pound made gains against both the euro and dollar, of 1.1% and 2% respectively. This largely due to a background of data releases for the July-August period showing that the UK economic recovery is accelerating, in addition Bank of England Governor Andrew Baily stated that there is ample firepower left to…
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