Jacob Rees-Mogg — News Archive

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Pound See-Saws on Boris Johnson’s Cabinet, Later Crashes

The British pound today see-sawed between gains and losses as investors remained cautious after Boris Johnson assumed office as the new British Prime Minister. The GBP/USD currency pair was weighed down by the cabinet reshuffle announced by the new PM with many of those appointed being hard Brexiteers, which increases the chances of a no-deal Brexit.

Pound Rallies Amid Rising Support for May’s Brexit Deal

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.

Pound Rallies on Positive Sentiment, Drops From Highs

The British pound today rallied higher against the US dollar in the early London session driven by positive investor sentiment despite disappointing UK mortgages data. The GBP/USD currency pair headed lower in the American session even as the UK Parliament prepared for another round of indicative votes on the current Brexit deal.

British Pound Struggles as Markets Await May-Juncker Meeting

The British pound today struggled to find direction as investors adopted a wait and see approach towards the cable even as Theresa May is set to meet Jean-Claude Juncker later today. The pound was relatively stable as it appears that the British Prime Minister has managed to fend off a leadership challenge within her own party from Brexiteer MPs.

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