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Sterling Pound Drops on BoE Rate Decision and Brexit Headlines

The Sterling pound today fell to new lows against the US dollar as it was buffeted by negative Brexit headlines from the early London session. The GBP/USD currency pair later fell to new record lows on rumors that the EU will allow an extension of Article 50 up to May 22, which is quite short.

British Pound Declines on Brexit Cloud Amid Strong US ISM Data

The Sterling pound today fell against the US dollar despite the release of an upbeat fundamental print from the UK docket. The GBP/USD currency pair was weighed down by the looming Brexit deadline, which is just 24 days away with little sign of a deal being signed within the time left.

Pound Rallies on Hopes That Brexit Will Be Delayed, Later Drops

The British pound today rallied slightly against the US dollar amid investor hopes that the UK government would postpone Brexit to allow time for further negotiations. The pound later fell in the early American session as news headlines indicated that the British Prime Minister Theresa May was keen on leaving the EU within the current deadline.

Pound Falls on Brexit Jitters and BoE Decision, Rallies on Carney Speech

The Sterling pound today dropped below 2-week lows in the early London session as investors priced-in Brexit uncertainty ahead of a crucial meeting between Theresa May and the European Commission President. The GBP/USD currency pair dropped to new 2.5-week lows following the Bank of England‘s interest rate decision in the mid-European session.

Sterling Range Bound on Mixed UK Data Before Leadership Vote

The Sterling pound today traded in a range as investors recovered from yesterday’s crazy swings following the historic Brexit vote. The GBP/USD currency pair was largely immune to most of the data released from the UK docket as investors remained cautious ahead of a Parliamentary no-confidence vote against Theresa May.

Sterling Pound Rallies on Upbeat Retail Sales Data and BoE Decision

The British pound today rallied higher against the US dollar from the mid-Asian session as markets digested yesterday’s Fed monetary policy statement. The pound’s rally was further boosted by the release of upbeat UK retail sales data in the early European session.

British Pound Heads Lower on Barnier and Carney Brexit Warnings

The British pound today dropped to new daily lows following warning comments made by the European Union’s chief Brexit negotiator, Michel Barnier regarding the latest Brexit deal. The pound’s decline was further weighed down by a warning from the BoE Governor Mark Carney that most UK businesses are ill-prepared for a no-deal Brexit scenario.

Pound Drops on Brexit and Political Jitters Amid BoE Speeches

The British pound today declined slightly against the US dollar even as Brexit jitters continued to weigh down the cable. The pound was further affected by the DUP’s resistance to the current Brexit deal given that Theresa May needs the 10 votes from DUP members led by Arlene Foster in order to have a majority in the House of Commons.

Pound Rallies to New Weekly Highs on Brexit Rumors and BoE Rate Decision

The British pound today rallied to new highs against the US dollar following Brexit rumors that the British PM Theresa May had signed a deal with the EU on the financial services sector. The pound was further boosted by the Bank of England‘s monetary policy decision, which helped it rally against the greenback despite mixed US macro releases.

Pound Trades Sideways on BoE Credit Data Ahead of Budget Speech

The British pound today traded in a tight range against the US dollar on the latest BoE credit data even as investors await the autumn UK budget speech later today. The pound’s slight rally was supported by the improved risk sentiment among investors, which supported the cable and prevented it from falling further.

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