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Pound Rallies on Upbeat UK Retail Sales as May Loses Indicative Vote

The British pound today rallied higher against the US dollar from the early European session following the release of upbeat UK retail sales data for January. The GBP/USD currency pair was trading in a see-saw fashion during the Asian session as investors remained indecisive regarding the Sterling.

Pound Under Pressure from Poor Housing Data, Brexit Worries

The Great Britain pound declined today, dragged down by poor performance of the housing market and Brexit worries. The currency fell versus all of its most-traded rivals, including the Japanese yen, which itself was soft.

Pound Falls on Weak CPI Data, Spikes Higher on Brexit Rumors

The British pound today traded in an erratic manner against the US dollar as it rallied higher in the Asian session, before falling, and then spiking higher on Brexit rumors. The GBP/USD currency pair was not done with its sudden moves as it quickly retraced all its gains and headed lower in the American session as the greenback recovered.

British Pound Declines on Weak UK Data as Brexit Jitters Persist

The British pound today dropped to new daily lows in the early European session following the release of weak UK manufacturing and GDP data at that time. The Sterling was further weighed down by the uncertainty surrounding the Brexit issue with only 46 days left before Brexit day.

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.

Pound Trades Sideways as Brexit Deadlock Persists Ahead of BoE

The British pound today traded in a range amid a lack of any major Brexit headlines or macro releases to push the cable in either direction. Investors were waiting for the outcome of Theresa May‘s visit to Northern Ireland in order to determine the currency pair’s future direction.

Euro Declines Against USD on Mixed Eurozone Data, Later Rallies

The euro today lost ground against the US dollar from the mid-Asian session into the European session as the greenback rallied driven by positive investor sentiment. The EUR/USD currency pair traded at daily lows after the release of mixed PMI prints from across the eurozone by IHS Markit even as the Brexit deadlock capped the pair’s gains.

Pound Declines on Weak Construction PMI and Brexit Concerns

The Sterling pound declined today as markets remained cautious amid Brexit concerns as EU leaders continue to reject the UK’s alternative Brexit Plan B. The pound was dealt a further blow after the UK construction PMI missed expectations indicating that the industry grew much slower than expected.

Sterling Rallies Despite Brexit Uncertainty With Looming Deadline

The Sterling pound today rallied slightly against the US dollar after the UK Parliament approved Sir Brady’s amendment allowing the Prime Minister to renegotiate the Irish backstop plan. The pound’s gains were limited by the fact that the European Union has categorically stated that it will not reopen negotiations regarding the current Brexit deal as it is final.

Pound Trades Within Tight Range Ahead of Key Brexit Plan B Debate

The British pound today traded in a consolidative range as markets await the Parliamentary vote on Theresa May‘s Brexit Plan B scheduled for later today. Today’s debate is quite important, but it is not a meaningful vote like the 15 January vote, which handed the UK government a historic defeat.

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