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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.

Bulls Still Won’t Give Up on GBP/AUD

The ascending trend on the Great Britain pound versus the Australian dollar currency pair ended, but the bulls still guard their gains.

Sterling Rallies As PM May Offers Second Referendum, Later Falls

The British pound today rallied higher after news emerged that the British Prime Minister Theresa May would offer MPs a chance to vote for a second referendum. The GBP/USD currency pair rallied from news 3-month lows triggered earlier in the day after the opposition Labour Party confirmed that it would vote against PM May’s latest Brexit deal.

Pound Crashes to 4-Month Lows As Brexit Talks End Without a Deal

The Sterling pound today fell to new 4-moth lows against the US dollar as cross-party Brexit talks collapsed ahead of Theresa May’s impending resignation. The Labour Party officially called off the talks saying that there was no need to negotiate with a government that was about to collapse.

Pound Soft After Mixed Employment Data

The Great Britain pound was generally soft today, dragged down mostly by the market sentiment. Domestic employment data was mixed, providing both positive and negative surprises, and therefore giving no help for the currency in finding direction.

Pound Declines on Market Sentiment, Brexit Uncertainties

As many other currencies, the Great Britain pound declined on Monday. While the negative market sentiment was the major reason for the decline, domestic news was not good as well.

British Pound Trades Sideways Despite Upbeat UK GDP Data

The British pound today traded sideways against the US dollar despite the release of upbeat UK GDP data in the early London session. The GBP/USD currency pair kept trading in a tight range for the second straight session despite the release of multiple upbeat UK macro prints.

Pound Drops on Brexit News, Rallies on Weak US Services PMI

The Sterling pound today fell to its daily lows in the early London session after it emerged that the UK government had made little progress in cross-party Brexit talks. The GBP/USD currency pair later rallied higher in the American session following the release of weak US non-manufacturing/services PMI and ignored the upbeat US jobs data.

The Bulls Are Still in Charge on GBP/AUD

Last month, the Great Britain pound vs. the Australian dollar looked as if it was poised for a drop, but now it seems that the bulls are the ones who manage things.

British Pound Drops Despite Balanced BoE Interest Rate Decision

The British pound today fell against the US dollar after the Bank of England left its monetary policy unchanged and exhibited confidence in Britain’s economy. The GBP/USD currency pair had rallied higher earlier today amid rumors that Theresa May was willing to relax her tough stand on a customs union with the EU in order to get her Brexit deal done.

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