The big news for the value of Pound sterling in May 2019 was the resignation of UK Prime Minister Theresa May, this has cast further uncertainty within the UK government and drastically increased the odds of the UK leaving the EU without a deal when the deadline passes at the end of October. At the …
Current Currency Climate As Theresa May’s leadership is being called into question once more, the news circulating around positive cross party talks is proving positive for sterling. At the close of business yesterday GBP was the highest performing currency. GBP/EUR was seen half a percent higher at 1.1612 while the GBP/USD exchange rate was seen …
Teresa May travels to Brussels today to try and secure last-minute changes to the backstop agreement after Attorney General Cox failed to make a breakthrough last week, ahead of this weeks planned vote on the Withdrawal Agreement. Prime Minister May is expected to hold another ‘meaningful vote’ by Tuesday, followed by two more votes on …
The World’s most popular Currency Pair remains lifeless this week…… EUR/USD has been a very stable and quiet Currency Pair so far this week and indeed year to date, currently trading @1.1368. The Pair has only a 60pip movement range between its high and low this week, with all eyes on this pair awaiting the …
GBP/EUR PUSHING THE @1.15 BARRIER ……. Just like its performance against the US Dollar, Pound sterling is continuing its impressive performance against the EURO also, the pair is currently, as of 15:04pm 23rd January trading at @1.1486. The positive rumours regarding Brexit as mentioned in the earlier post above, have seen GBP/EUR reach a two …
GBP/USD BREAKS ABOVE @1.30 TO REACH A TWO MONTH HIGH DUE TO BREXIT HOPES…… As of 23rd January at 14:47pm GBP/USD is trading around a two month high of @1.3045, this in the most part is due rumours the motion to prevent a no-deal Brexit is gathering momentum. Second to this the EU’s Michael Barnier …
GBP/USD is still trading within a downward sloping trend as a result of the recent government turmoil and no progress on the Brexit deal for the UK. Following the government’s decision to defer the house of commons vote on the proposed deal, GBP/USD has fallen to lows of @1,2504 on the 12th December from a …
EUR/USD is trading just below the 1.1300, marginally lower, down from its monthly high of @1.1450 on the 10th of December. European Central Bank President Mario Draghi said that the balance of risks is moving to the downside, sending the common currency lower. USD is continuing to trade well against the majority of currency pairs …