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Pound Slumps on Short Brexit Extension Request, Mixed CPI Data

The British pound today fell to new 1-week lows against the US dollar after the UK Prime Minister confirmed that she had requested for a short Brexit extension from the EU. The GBP/USD currency pair had traded sideways before heading lower amid mostly neutral investor sentiment and a positive reaction to the latest UK inflation report.

British Pound Rallies on Jobs Data, Falls on Brexit Uncertainty

The Sterling pound today rallied higher against the US dollar following the release of a mostly positive UK labor market report in the early London session. The GBP/USD currency pair later retraced most of its gains as investors became worried about the Brexit process amid the UK political crisis.

British Pound Falls Ahead of UK Article 50 Extension Vote

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.

British Pound Rallies on Market Hopes for Last Minute Brexit Deal

The British pound today rallied higher against the US dollar driven by investors hope that a last-minute Brexit deal could be reached before tomorrow’s crucial vote. The British Prime Minister was en-route to Strasbourg at the time of writing in a last-minute effort to secure a new deal and resolve the thorny Irish backstop issue by tomorrow.

British Pound Declines on Brexit Cloud Amid Strong US ISM Data

The Sterling pound today fell against the US dollar despite the release of an upbeat fundamental print from the UK docket. The GBP/USD currency pair was weighed down by the looming Brexit deadline, which is just 24 days away with little sign of a deal being signed within the time left.

Sterling Rallies as Theresa May Changes Stance

The Great Britain pound gained against its major rivals today as British Prime Minister Theresa May changed her stance regarding the no-deal Brexit and delay for Britain’s separation from the European Union.

Pound Rallies on Hopes That Brexit Will Be Delayed, Later Drops

The British pound today rallied slightly against the US dollar amid investor hopes that the UK government would postpone Brexit to allow time for further negotiations. The pound later fell in the early American session as news headlines indicated that the British Prime Minister Theresa May was keen on leaving the EU within the current deadline.

Pound Declines Amid Brexit Uncertainty and Tory Party Defections

The Sterling pound today was on a downtrend against the US dollar as investors reacted to the Brexit stalemate among UK leaders, which has led to party defections. The GBP/USD currency pair declined for most of the Asian session before consolidating in the European session, but was rallying higher at the time of writing.

Sterling Gains on Employment Data, Prospects for Delayed Brexit

The Great Britain pound gained today after employment data showed strong performance of the labor market in Britain. Prospects for a delay for the Brexit also supported the currency.

Sterling Opens Higher, Continues to Rise vs. US Dollar & Yen

The Great Britain pound opened sharply higher today. While it has backed off closer to the Friday’s close against some peers, the sterling continued to move higher versus such currencies as the US dollar and the Japanese yen.

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