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.
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.
The Great Britain pound was extremely volatile today, sinking intraday but bouncing later. Currently, the sterling is trading above the opening level. The main reason for the currency’s volatile moves was uncertainty over the Brexit, though today’s mostly underwhelming macroeconomic data also had its negative impact on the pound.
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.
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.
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.
The British pound today rallied higher against the US dollar in the European session amid growing support of Theresa May‘s Brexit deal among UK lawmakers. The GBP/USD currency pair today headed lower in the American session amid growing geopolitical fears, which caused the US dollar to rally as investors sought safety.
The Sterling pound today fell from its daily highs against the US dollar after rumors emerged that the Irish DUP was still opposed to the British PM’s Brexit deal. The GBP/USD currency pair was buffeted by new headlines relating to Brexit throughout today’s session as its gains were largely limited by the uncertainty associated with the current Brexit situation.
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.
The British pound today fell from intra-day lows against the US dollar as investors awaited the crucial vote on a second Brexit referendum. The GBP/USD currency pair yesterday rallied to multi-month highs after UK leaders voted to take a no-deal scenario off the table.
