Michel Barnier — News Archive

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Pound Falls on Brexit Uncertainty As Talks Reach Critical Phase

The Sterling pound today fell against the dollar buffeted by Brexit headlines with both sides are working on getting a deal but preparing for a no-deal Brexit scenario. The GBP/USD currency pair completely ignored the release of the upbeat UK retail sales report as Brexit news remained the dominant factor fueling the pair’s price.

Pound Crashes As Brexit Talks Turn Sour Amid EU/UK Hardline Positions

The Sterling pound today crashed against the dollar amid a deluge of negative Brexit headlines as both the EU and UK reiterated hardline positions. The GBP/USD currency pair’s plunge today was driven by reports of new problems in the Brexit talks jeopardizing the likelihood of a deal before December 31.

Pound Rallies to 3-Year Highs Against Dollar on Brexit Deal Optimism

The Sterling pound today rallied to 3-year highs against the US dollar boosted by investor optimism about a potential Brexit deal boosted by Simon Coveney’s comments. The weak dollar also fueled the GBP/USD currency pair’s rally following yesterday’s US ADP employment change report, which missed analysts expectations.

Pound Sinks After Comments from EU Chief Brexit Negotiator

The Great Britain pound dropped today, falling against all other most-traded currencies. It dropped even versus the Japanese yen, which previously was the weakest currency during Wednesday’s trading. The reason for that was comments from the European Union chief Brexit negotiator.

Great Britain Pound Flat Despite Worrying Brexit News

The Great Britain pound was mostly flat today despite concerning Brexit news headlines. While the sterling was trading either near the opening level or slightly higher against most of its rivals, it fell versus the Canadian dollar.

Sterling Pound Rallies Despite UK GDP Missing Estimates

The pound today edged higher against the US dollar despite the UK’s latest GDP print missing expectations boosted by the positive investor sentiment. The GBP/USD currency pair was also lifted by news that the Rishi Sunak would announce a new jobs support programme later today fueling Britain’s economic recovery.

Sterling Pound Rallies As UK Govt Prepares for No-Deal Brexit

The Sterling pound today rallied against the dollar on positive investor sentiment before falling on Brexit jitters after comments from the Irish government. The GBP/USD currency pair later rallied even after the UK said that it was actively preparing for a no-deal Brexit scenario as the October 15 deadline approaches.

Sterling Pound Crashes Against the Dollar as Risk Appetite Dissipates

The Sterling pound today crashed against the US dollar as investor sentiment turned decisively bearish favouring the safe-haven greenback, which rallied. The GBP/USD currency pair today fell despite the release of upbeat UK retail sales data earlier in the session as investors fled riskier assets, including equities.

Pound Falls on UK Lockdown Easing Jitters and Sour Sentiment

The Sterling pound today fell against the US dollar driven by risk-averse market sentiment amid concerns that the UK was easing lockdown measures too quickly. The GBP/USD currency pair headed lower as investors sold the pound and other risk assets while piling into safe-haven assets such as the greenback amid global uncertainties.

Pound Rallies Despite Housing Data and COVID-19, Tumbles on Brexit

The Sterling pound today ignored the adverse reports coming out of the UK to rally to new 3-month highs against the US dollar boosted by the upbeat investor sentiment. The GBP/USD currency pair ignored the weak housing data and posted gains as investors bought riskier assets and sold safe-haven ones.

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