GBP Over the course of the week sterling saw major gains across the board as an agreement to intensify Brexit trade talks was announced on Wednesday. However, GBP/EUR revered some of these gains heading into the weekend as markets still remain wary. Michel Barnier arrived in London yesterday as discussions were set to resume. During […]
GBP Sterling rallied to a six week highs against the US Dollar on Wednesday as Brexit talks are set to resume this week. EU Chief Negotiator Michel Barnier stated that both sides must be willing to compromise and that a deal was within reach. He went onto say “we will seek the necessary compromises on […]
GBP Sterling began the week on a strong footing as the pound shrugged off Boris Johnson’s threat of an Australia trade deal and focused on the path laid out by EU and UK negotiators to ensure further talks and an eventual deal. However, as the day progressed, this strong start faded as UK Chief Negotiator […]
GBP Sterling was unfazed by Boris Johnson’s announcement that the UK should prepare for a no trade deal on Friday. Optimism is building among investors that a trade deal will be reached and Johnson’s latest announcement could be a ploy in order for the EU to give into the demands of the UK according to […]
GBP Sterling fell yesterday after concerns mounted about the obstacles that are keeping the European Union and Britain from reaching a timely trade deal. Boris Johnson had previously proposed that the October 15th deadline be the conclusion for talks and we await for a confirmation on the scope of a new extension. Fisheries, competition and […]
GBP Sterling rebounded close to 1% from one week lows on Wednesday following reports the UK government would soften its stance and continue Brexit trade talks beyond Prime Minister Boris Johnson’s 15th October deadline. The reported softer stance has increased investor expectation that a trade deal can be agreed this year and resulted in sterling […]
GBP Sterling took a step back on Tuesday, dipping against a broadly stronger dollar and also falling back against the Euro as currency markets kept an eye on ongoing Brexit negotiations for fresh drivers over the next few weeks. Recent reports have claimed that the European Union want further concessions from Britain before entering the […]
GBP Sterling edged higher yesterday as Boris Johnson announced a highly anticipated three tier alert system across the UK. In doing so, he also rejected a second national lockdown saying ‘it would not be the correct course of action’. The new system would see country divided by tiers, and those with the highest infection rates, […]
GBP Sterling traded close to month highs against both the euro and dollar on Friday. Market sentiment shifted to risk on due to rising hopes that a Brexit trade deal and US stimulus package can be agreed. Despite the move higher, sterling has found difficulty in breaking through its current trading range and the headline […]
GBP Sterling opened higher on Friday buoyed by investor optimism that the U.K. and EU will solve their differences to achieve a Brexit trade deal before the end of the year. Comments from German Chancellor Angela Merkel reflected the optimism in the market on Friday. Whilst admitting that a breakthrough hasn’t been reached, Merkel admitted […]
GBP Sterling fell against both US Dollar and Euro on Thursday as Brexit talks stall between the U.K. and the EU. Both parties are far apart on the key issue of state aid and the U.K. was dealt with another blow as the EU launch a legal case against the U.K. The EU gave the […]
The first Budget from the new Conservative majority government will be set to a backdrop of historic political events and an international health crisis that is strangling economic growth. So, will Wednesday’s Spring Statement go down in history as ‘the coronavirus Budget’, ‘the Brexit Budget’ or ‘the Boris Johnson Budget’? Upon reflection, it will probably […]
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Monthly Currency Market View April 2020
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