Boris Johnson — News Archive

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Pound Whipsaws on UK and US Releases as General Election Looms

The Sterling pound today traded sideways against the US dollar as UK political parties started campaigning in readiness for the UK December 12 elections. The GBP/USD currency pair had a muted reaction to the upbeat Markit/CIPS UK manufacturing PMI data but fell on the robust US non-farm payrolls report before rallying higher after later US releases.

Pound Falls Then Recovers as Brexit Deal Debate Is Paused

The Sterling pound today fell against the US dollar during the Asian session as investors digested the mixed results of yesterday’s crucial Brexit vote. The GBP/USD currency pair later rallied to trade at break-even in the London and New York sessions as investors waited for the EU’s response to the UK’s extension request.

Pound Falls as Investors Take Profits Ahead of Key Brexit Vote

The Sterling pound today fell against the US dollar as investors closed most of their profitable trades ahead of a crucial vote on the Brexit deal later today. The GBP/USD currency pair fell to its daily lows in the early American session before bouncing back as the vote drew closer.

Pound Rallies Ahead of Bercow’s Decision on Meaningful Brexit Vote

The British pound today extended its gains against the US dollar having opened lower following Saturday’s vote results mandating the government to ask for a Brexit extension. The GBP/USD currency pair recouped all its losses at traded slightly above Friday’s highs as investors waited for John Bercow to rule on the date for a meaningful Brexit vote.

Pound Falls From 5-Month Highs After Irish DUP Rejects New Brexit Deal

The British pound today spiked to new 5-month highs after UK Prime Minister Boris Johnson confirmed that the EU and UK had agreed on a new Brexit deal. However, the rally was short-lived as the GBP/USD currency pair quickly reversed all its gains as the Northern Irish DUP opposed the agreement.

Pound Rallies on Positive Brexit Meeting Between Johnson and Varadkar

The British pound today rallied to new 5-day highs against the US dollar after a positive meeting between Boris Johnson and the Irish Prime Minister Leo Varadkar. The GBP/USD currency pair had attempted to rally early in the London session, but was derailed by mostly negative UK macro releases and fell back to its opening lows.

Sterling Pound Falls as EU Says the Chances of a Brexit Deal Are Slim

The Sterling pound today attempted to rally against the US dollar, but its gains were limited by Brexit headlines indicating that the chances of a Brexit deal by October 31 were minimal. The GBP/USD currency pair today spiked higher before quickly reversing and heading lower as investor sentiment shifted driven by the negative Brexit headlines.

Pound Falls to New 5-Week Lows as Brexit Headlines Trigger Despair

The Sterling pound today fell to new 5-week lows as talks between Britain and the EU appeared to have hit a wall given today’s events. The GBP/USD currency pair today fell after reports that a phone call between Boris Johnson and the German Chancellor had made a Brexit deal almost impossible.

Pound Falls on Weak UK Services PMI, Rallies on Support for Brexit Plan

The Sterling pound today fell to its daily lows early in the London session following the release of weak UK services PMI data for September by IHS Markit. The GBP/USD currency pair later rallied higher as British leaders expressed their support for the new Brexit proposals submitted yesterday by Boris Johnson‘s administration.

Pound Falls on Weak UK Construction PMI, Rallies on New Brexit Proposals

The British pound today recovered from its daily lows and rallied higher in the late London session as details emerged of a new Brexit proposal by the British government. The European Union’s positive response to the proposals boosted investor confidence in the pound, causing it to rally higher despite the weak UK PMI released earlier today.

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