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Pound Falls From 5-Month Highs After Irish DUP Rejects New Brexit Deal

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.

Pound Rallies on Positive Brexit Meeting Between Johnson and Varadkar

The British pound today rallied to new 5-day highs against the US dollar after a positive meeting between Boris Johnson and the Irish Prime Minister Leo Varadkar. The GBP/USD currency pair had attempted to rally early in the London session, but was derailed by mostly negative UK macro releases and fell back to its opening lows.

Sterling Pound Falls as EU Says the Chances of a Brexit Deal Are Slim

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.

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.

Sterling Rallies on Merkel’s Optimism Regarding Irish Backstop

The British pound today exploded higher after the German Chancellor Angela Merkel expressed optimism that the Irish backstop issue could be resolved by October 31st. The GBP/USD currency pair rallied to new monthly highs above the crucial 2.2250 level as traders bought the Sterling in anticipation that her remarks would help prevent a no-deal Brexit scenario.

Pound Falls Ahead of Johnson’s Meeting With Angela Merkel

The British pound today fell to new daily lows reversing all of yesterday’s gains as traders remained cautious ahead of Boris Johnson‘s visit to Germany. Most analysts are expecting the British Prime Minister to return empty-handed from his talks with the German chancellor Angela Merkel.

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.

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.

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.

Pound Declines on Weak Construction PMI and Brexit Concerns

The Sterling pound declined today as markets remained cautious amid Brexit concerns as EU leaders continue to reject the UK’s alternative Brexit Plan B. The pound was dealt a further blow after the UK construction PMI missed expectations indicating that the industry grew much slower than expected.

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