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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.

Pound Rallies as the British Parliament Debates the Benn Bill

The British pound today rallied from new multi-year lows during the London session amid hopes that British leaders would thwart the government’s attempt to force through a hard Brexit. The GBP/USD currency pair today recovered from multi-year lows below the crucial 1.2000 level as MPs worked hard to pass the Benn bill by Friday in order to stop a no-deal Brexit.

Pound Rallies as Opposition Leaders Unite to Prevent Hard Brexit

The Sterling pound today rallied to new monthly highs after British opposition leaders agreed to support legislation aimed at preventing a no-deal Brexit. The Conservative Party criticised the move by the opposition MPs saying that the six leaders who signed the Church House declaration were planning to cancel the votes of 17.4 million people.

Pound Falls on Calls for General Election, Yellowhammer Leak

The Brtish pound today fell against the US dollar despite putting up a strong fight as the Labour Party leader Jeremy Corbyn ramped up calls for a general election to unseat the Conservative Party. The GBP/USD currency pair fell at the start of today’s session, then recouped all its losses as it carried over last week’s strength, but fell to new lows in the London session.

British Pound Falls on Election Rumors as Hard Brexit Weighs

The British pound today fell to new weekly lows after the Sun published a report saying that Boris Johson was planning an election immediately after a hard Brexit. Investors were shocked at the news, which seemed to confirm that the Johnson administration had abandoned all plans to negotiate a deal with the EU.

Pound Falls On By-Election Results, Rallies Despite Upbeat NFP Report

The Sterling pound today fell to its daily lows as investors reacted to the results of a by-election where the ruling Conservative Party lost a crucial seat. The GBP/USD currency pair later rallied higher after the release of the upbeat US non-farm payrolls data in the early American session.

Sterling Crashes to New 27-Month Lows on Hard Brexit Fears

The Sterling pound today fell to new 27-month lows against the US dollar as markets reacted to a poor UK jobs report and the uncertain British political environment. The GBP/USD currency pair was also adversely affected by comments from the two remaining Conservative Party candidates saying that the Irish backstop was dead.

Pound Falls on Political Uncertainty and Weak UK Data, Later Rallies

The British pound today fell to its daily lows in the mid-London session as investors reacted to the release of the weak UK public sector finances data. The GBP/USD currency pair was also weighed down by the political uncertainty in the UK as investors deal with the prospect of a hard Brexit.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

Pound Rallies After UK Inflation Meets Consensus Estimates

The British pound today rallied higher in the early London session following the release of the latest UK inflation data, which was in line with consensus estimates. The GBP/USD currency pair extended yesterday’s gains and rallied into the American session to print new weekly highs driven by positive investor sentiment.

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