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Pound Rallies as Boris Johnson Maintains Lead in Elections Race

The Sterling pound today rallied higher against the weaker US dollar as Boris Johnson held on to his lead in opinion polls ahead of the December elections. The GBP/USD currency pair rallied higher despite Johnson backtracking on his initial election pledge to cut corporate taxes.

Pound Rallies as Farage Gives Up More Seats to Boost Tory Majority

The Sterling pound today rallied to new 8-day highs against the US dollar after Nigel Farage surrendered a further 43 seats increasing the chances of a Tory majority government. The GBP/USD currency pair had traded with a bearish bias for most of today’s session and was at breakeven before the announcement after which it spiked higher.

Pound Rallies Against Weak Dollar Despite Poor UK Retail Sales

The Sterling pound today rallied against the US dollar during the American session as the Fed Chair Jerome Powell testified before the House budget committee. The GBP/USD currency pair spiked higher from a consolidative phase during this period despite the weak UK retail sales data released earlier today.

Pound Rallies on Farage’s Election Concession Despite Weak GDP

The British pound today rallied against the US dollar after Nigel Farage confirmed his support for the Conservative Party raising hopes about Brexit. The GBP/USD currency pair rallied to new 4-day highs on the political headlines despite the release of multiple weak UK macro reports.

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 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.

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 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 Rallies to 6-Week Highs on Tory Resignations and Brexit News

The Sterling pound today rallied against the US dollar amid hope that British leaders would pass legislation to prevent a no-deal Brexit. The GBP/USD currency pair’s rally was also boosted by other political developments like Jo Johnson‘s resignation, which lead to an early election.

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