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GBP The GBP was the best performing currency yesterday as comments from European Commission president, Jean-Claude Juncker, suggest a notable shift in the EU position on Brexit. Juncker struck an optimistic tone, stating that he was doing "everything to get a deal" and that he did not have "an...

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USD The US Central Bank has cut interest rates for only the second time since 2008, due to concerns over slowing global growth and trade tensions. As expected, the Federal Reserve lowered the target range for its key interest rate by 25 basis points to between 1.75% and 2%. The bank said the cut is...

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GBP The Pound retreated from six-week highs against the Dollar on Tuesday as Prime Minister, Boris Johnson, stuck to his pledge to take Britain out of the European Union by October 31st, vowing not to seek an extension to the deadline. The PM is required by a law passed this month to ask the EU for...

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GBP The Pound had a sluggish start to the week after gains from last week were trimmed by the apparent gap between the British and European positions on Brexit. In particular, Luxembourg Prime Minister, Xavier Bettel, gave a particularly critical press conference, where he said that British...

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GBP The Pound hit its highest level against the Dollar in seven weeks amid hopes that a no-deal can be avoided, after reports said the DUP, Northern Ireland's largest political party, was prepared to abide by some European rules after Brexit. The report was swiftly denied by the party, but still...

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EUR The Euro gained against the Dollar on Thursday, erasing earlier losses after the European Central Bank launched a new stimulus package. The European Central bank cut its deposit rate to a record low of -0.5% from -0.4% and will restart bond purchases of 20 billion Euros a month from November...

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GBP Sterling extended its short-term recovery against the EUR and remained steady against the USD on Wednesday as investors continue to hope a ‘no deal’ Brexit can be avoided on the 31st October. Support for the GBP stemmed from a ruling by a Scottish court that the Government acted unlawfully when...

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GBP Sterling was stable on Tuesday as investors kept their hands off the British currency, given that the risk of Britain crashing out of the European Union without a divorce deal on October 31st remained high. The probability of a no-deal Brexit was still very much a concern for traders as Prime...

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GBP The pound initially soared on Monday morning after economic output in July increased by 0.3% from where it was in June. This is the biggest rise since January and beat all forecasted expectations, which pointed to a more modest rise of 0.1%. This is particularly surprising given how Brexit no-...

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EUR The Euro was under pressure on Monday ahead of a European Central Bank meeting later this week, at which policymakers are expected to deliver a new stimulus to bolster a flagging regional economy. Heightened expectations for an ECB easing come as other global central banks move to loosen the...

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GBP Sterling surged to a five-week high on Thursday after lawmakers voted to prevent Prime Minister Boris Johnson taking the UK out of the EU without a deal on October 31st. After Johnson was defeated for the first time, he put forward a vote to hold an election on October 15th but this was also...

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GBP The Pound rebounded to its highest level in a week after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit. Sterling was previously at three-year lows before the parliament vote so yesterday was another volatile session Lawmakers who defeated Prime...

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GBP The pound experienced an extremely volatile day on Tuesday. The political situation in the UK saw the pound initially weaken to three-year lows and then rally in the aftermath of lawmakers blocking a no-deal Brexit. Sterling began the day at three-year lows, as it tumbled over no-deal fears and...

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GBP Sterling is near its weakest against the U.S. dollar in more than three years, amid mounting uncertainty as British lawmakers prepared to vote on the first stage of a plan to block Prime Minister Boris Johnson from pursuing a no-deal Brexit. Johnson’s opponents plan to put forward a vote that...

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GBP MPs this week are planning to bring a legislation forward to stop a no-deal Brexit, according to shadow Brexit secretary Sir Kier Starmer. He said the plan was to prevent Boris Johnson from taking the U.K. out of the EU without a deal but did not go into further detail. Cabinet Minster, Michael...

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GBP The shockwaves from Boris Johnson’s move to suspend parliament continued to be felt on Thursday, with the volatility gauge between now and October 31st for Sterling hitting its highest level of 2019. The move has outraged many of his opponents as they feel the time to prevent a no-deal has been...