GBP The pound rallied against the euro and moved to it’s best level for a year against the dollar yesterday as a Brexit conclusion drew nearer. According to various reports during early Thursday trade UK-EU trade talks were on course for a much needed breakthrough with some reports suggesting the “big push” was underway and […]
GBP Sterling climbed to a three-month peak versus the dollar after Times Radio said Brexit trade deal talks had entered the “tunnel” stage of negotiations. The “tunnel” is a term used for an intense final stage of secretive, make-or-break negotiations. Sterling rose as much as 0.9% to $1.3441, extending gains after the news broke. While […]
GBP Sterling remained at near three-month highs against the Dollar but fell slightly against the Euro late last week, as Brexit talks continued whilst the currency also brushed off talks of a Scottish independence referendum that could cause major uncertainty down the line after Brexit. Weakness in the U.S. dollar caused by thin trading due […]
GBP Sterling continued to trade at one-week highs against both the Dollar and Euro as Sterling was aided by a weaker U.S. dollar and by increased hopes that the UK will forge a post-Brexit trade deal with the European Union before the January deadline. The EU and UK chief negotiators did however announce yesterday evening […]
GBP GBP-USD enjoyed a strong day of trade yesterday and continues the run off from this morning trading at 1.3272. GBP-EUR also maintained its levels and opened today over 1.1150. Reports are now suggesting a deal is close and we could expect the announcement as early as next week. Although, it must be noted, all […]
GBP Sterling weakened on Thursday after news that Britain’s economy grew by a slower-than-expected 1.1% between August and September, a pace that leaves the UK lagging behind other rich nations attempting to recover from the coronavirus pandemic. The reading that was below market expectations weighed on the pounds recent rally and will provide a reality […]
GBP The risk sensitive pound finished lower on Wednesday as both US Presidential Election and Bank of England uncertainty dampened investor appetite for sterling. The pound had started the Wednesday trading session on the front foot trading close to multi-month highs against both the euro and dollar as market sentiment was firmly risk-on amidst an […]
GBP Sterling had a mixed day on Tuesday as it was mainly affected by the political events in the US. The currency remains highly volatile as the US election hangs in the balance and ignored the fact that the UK and EU have so far failed to reach an agreement on three sticking points in […]
GBP The weekend’s announcement of a new national lockdown in England sent the pound lower on Monday with investors factoring in the likely damage of new restrictions to the economy. Analysts now expect the economy to contract significantly because of the second lockdown, but still less than the record hit of 20% in Spring. The […]
GBP Sterling traded within a cent range against the Dollar at the end of last week, absence of news around ongoing Brexit trade negotiations left currency markets reluctant to make big bets either way on the currency. Sterling did however manage to reach a two-month high against an under performing and under pressure Euro last […]
GBP Sterling had a turbulent day yesterday after positive Brexit headlines and rising covid cases were announced. The president of the EU Commission , Ursula von der Leyen,- said yesterday, talks are making “good progress’ and the two sides are approaching a deal. ‘A level playing field and fisheries are the only two points left […]
GBP Sterling fell against both the euro and dollar during Wednesday trading as the worsening global COVID-19 situation and current Brexit impasse took its toll on the risk sensitive pound. According to the latest government figures, the UK reported another 24,701 cases of Covid-19 yesterday with a further 310 deaths. This rapidly deteriorating situation has […]
GBP Sterling fell on Friday against both the US dollar and euro after the UK Purchasing Managers’ Index (PMI) fell to a four-month low. The PMI fell to a low of 52.9 in October from 56.5 in September. The UK’s economic recovery has stalled since August. The threat of a second wave of coronavirus cases, […]
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 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 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 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 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 […]
USD to GBP Money transfers from US Dollars to Great British Pounds doesn’t have to be expensive. When transferred through foreign exchange providers, as RationalFX, sending USD to pounds is inexpensive and straightforward. Why use an FX provider to transfer US dollars to pounds? There are various reasons why you may be making a money […]
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Monthly Currency Market View April 2020
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