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Britain’s Pound Recovers on Brexit Hopes

The Great Britain pound recovered a bit today following the big slump on Friday. The main driver for the currency was the Brexit news.

Pound Drops on Failed Brexit Summit Amid Resurgent US Dollar

The British pound today dropped to new lows today following the failed Brexit summit in Salzburg where the EU rejected Britain’s Chequers Plan. The GBP/USD currency pair was further weighed down by the US dollar’s recovery, which drove the cable lower.

Pound Rallies on Upbeat UK Retail Sales and Weak US Dollar

The British pound today rallied higher against the US dollar following the release of the latest UK retail sales data in the early European session, which beat expectations. The GBP/USD currency pair hit new 2-month highs following today’s releases and the weaker US dollar, but remains susceptible to Brexit headlines.

Pound Rallies on Upbeat UK Inflation Data, Declines on Brexit News

The Sterling pound today rallied higher against the US dollar following the release of the latest UK inflation data, which beat expectations by a huge margin. The GBP/USD currency pair today rallied to new six-week highs following the positive releases, but later dropped to new lows due to negative Brexit headlines.

US Dollar Ends Week Broadly Lower

The US dollar ended the week broadly weaker against its most-traded rivals as the positive market sentiment and disappointing macroeconomic data made the currency less attractive to investors.

British Pound Trades Sideways Near 6-Week Highs on Carney Speech

The British pound today managed to hold on to yesterday’s gains following the disappointing US inflation figures that triggered its rally. The GBP/USD currency pair today rallied slightly higher to trade very close to its 6-week high and held on to its gains during the BoE Governor Mark Carney‘s speech today.

US Dollar Declines vs. Other Majors After CPI Miss, Gains vs. Yen

The US dollar was broadly lower against its most-traded rivals today following the release of a worse-than-expected inflation report and the improvement of the market sentiment. The currency managed to gain on the Japanese yen, though.

Sterling Pound Trades Sideways on BoE Rate Decision, Later Declines

The Sterling pound today traded sideways immediately after the Bank of England announced its interest rate decision, which was in line with expectations. The GBP/USD currency pair headed lower afterwards even as investors adjusted to the rate decision while looking forward to other fundamental triggers.

Sterling Pound Drops on Risk Aversion Despite Positive UK Jobs Data

The Sterling pound today declined against the US dollar following the release of the latest UK jobs report in the early European session. The GBP/USD currency pair’s decline was largely due to risk aversion among investors reacting to the latest headlines in the Sino-US trade war.

Pound Rallies on Strong UK GDP Data and Positive Brexit Headlines

The British pound today rallied higher against the US dollar following the release of the UK GDP monthly estimate for July, which came in above expectations. The GBP/USD currency pair’s rally was slowed down by the weak manufacturing output print, which indicated that manufacturing activity contracted in July.

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