House of Commons — News Archive

    Archives

Pound Rallies Despite Brexit Uncertainty and Upbeat US Data

The British pound today rallied higher against the US dollar breaking out of a 3-day trading range amid positive Brexit headlines. The GBP/USD currency pair rallied higher after it emerged that the EU was willing to grant an extension of the October 31st Brexit deadline.

Pound Rallies on Upbeat UK GDP and Positive Brexit Events

The Sterling pound today rallied to new 6-week highs following the release of upbeat monthly UK GDP estimate in the early London session. The GBP/USD currency pair recovered from Friday’s pullback amid renewed investor optimism that a hard Brexit could be avoided.

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 Crashes, Later Rallies After the Queen Adjourns Parliament

The British pound today fell to new weekly lows on rumours that the British government had initiated plans to prorogue the UK Parliament in order to facilitate a hard Brexit. The GBP/USD currency pair recouped some of its losses later in the session despite the Queen’s decision to suspend the British Parliament.

Pound Hits Multi-Year Lows on Brexit Clash Between the UK and EU

The Sterling pound today fell against the US dollar as UK and European Union leaders exchanged words regarding the reopening of Brexit talks. The GBP/USD currency pair was on a losing trend from most of today’s session as markets reacted to the heightened possibility of a no-deal Brexit.

Pound Hits New 4-Month Lows As PM May Is Pressured to Resign

The British pound today hit new 4-month lows against the US dollar as U.K. leaders criticized Theresa May‘s new proposed Brexit deal, which she outlined yesterday. The GBP/USD currency pair hit new lows as news reports indicated that multiple factions within the Conservative Party were planning to force the Prime Minister to resign.

British Pound Falls on Negative Brexit News Ahead of Key Vote

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.

Euro Rallies on Weak US Inflation Data Amid Brexit Headlines

The euro today rallied for the third straight session against the US dollar as investors reacted to the mixed US inflation data released today. The EUR/USD currency pair’s rally was further boosted by Brexit developments as the EU and the UK agreed to a raft of joint declarations on the Irish backstop issue.

Pound Rallies on Upbeat UK Retail Sales as May Loses Indicative Vote

The British pound today rallied higher against the US dollar from the early European session following the release of upbeat UK retail sales data for January. The GBP/USD currency pair was trading in a see-saw fashion during the Asian session as investors remained indecisive regarding the Sterling.

Navigation

Menu