Category: sterling

Pound falls as doubts grow over chances of last-minute Brexit deal

Pound falls as doubts grow over chances of last-minute Brexit deal Sterling fell in early London trading today as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit […]

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Sterling jumps to 8 day high

Sterling jumps to 8 day high Sterling jumped to an eight-day high after the head of a group of euro sceptic lawmakers in Prime Minister Boris Johnson’s Conservative Party said the government’s latest Brexit proposals offered the possibility of a “tolerable deal”. A weaker dollar on a weaker-than-expected US non-manufacturing purchasing managers’ index inflated the […]

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Sterling unfazed by weak economic data, as Britain waits for EU Brexit response

Sterling unfazed by weak economic data, as Britain waits for EU Brexit response Sterling was little moved today despite a surprise contraction in the services sector as investors waited to receive a formal European Union response to Britain’s latest Brexit offer. The pound has found little direction in recent days, and is back where it […]

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Sterling dips to one-month lows as Brexit nerves hit

Sterling dips to one-month lows as Brexit nerves hit The British pound extended losses today, plunging through technical support levels to a one-month low against the dollar as traders became increasingly nervous about Britain crashing out of the European Union at the end of the month. Broad-based dollar strength also contributed to the falls,analysts said. […]

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Sterling extends losses as Brexit impasse prevails

Sterling extends losses as Brexit impasse prevails Sterling fell today for a second day in a row, as investors waited for parliament’s next step to break the Brexit impasse and opposition leaders gathered to discuss tactics. The European Union’s Brexit negotiator, Michel Barnier, said Britain had yet to provide “legal and operational” proposals for an […]

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Sterling rallies, stocks slip on Supreme Court ruling

Sterling rallies, stocks slip on Supreme Court ruling Sterling extended gains on Tuesday while euro zone stocks tumbled after Britain’s Supreme Court ruled that British prime minister Boris Johnson had acted unlawfully when he advised Queen Elizabeth to suspend Parliament this month. The British currency gained as much as 0.4 per cent against the euro […]

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Sterling rebounds on data surprise, Brexit hopes

Sterling rebounds on data surprise, Brexit hopes Sterling rebounded from early lows today and headed towards a five-week high as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the British currency. Against the dollar, the pound gained 0.6% to $1.235 after […]

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Sterling dives as fears of no-deal Brexit grow

Sterling dives as fears of no-deal Brexit grow Sterling dived as concerns rose that the United Kingdom may be headed for a disruptive no-deal Brexit after Prime Minister Boris Johnson moved to restrict parliamentary time before October 31. Mr Johnson said he would schedule a Queen’s Speech for October 14 in order to launch new […]

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Sterling hits 23-month low overnight

Sterling hits 23-month low overnight The British pound rose slightly on Tuesday to hold above recent lows although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather […]

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Sterling bounces off five-month low against the euro after April pay data

Sterling bounces off five-month low against the euro after April pay data Sterling pulled away from five-month lows against the euro today after UK wages in the three months to April rose faster than expected. The pound has been on the backfoot in recent weeks as investors sit on the sidelines while the contest to […]

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