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Pound Rallies as Boris Johnson Maintains Lead in Elections Race

The Sterling pound today rallied higher against the weaker US dollar as Boris Johnson held on to his lead in opinion polls ahead of the December elections. The GBP/USD currency pair rallied higher despite Johnson backtracking on his initial election pledge to cut corporate taxes.

Pound Rallies as Farage Gives Up More Seats to Boost Tory Majority

The Sterling pound today rallied to new 8-day highs against the US dollar after Nigel Farage surrendered a further 43 seats increasing the chances of a Tory majority government. The GBP/USD currency pair had traded with a bearish bias for most of today’s session and was at breakeven before the announcement after which it spiked higher.

Pound Rallies Against Weak Dollar Despite Poor UK Retail Sales

The Sterling pound today rallied against the US dollar during the American session as the Fed Chair Jerome Powell testified before the House budget committee. The GBP/USD currency pair spiked higher from a consolidative phase during this period despite the weak UK retail sales data released earlier today.

Pound Whipsaws on UK and US Releases as General Election Looms

The Sterling pound today traded sideways against the US dollar as UK political parties started campaigning in readiness for the UK December 12 elections. The GBP/USD currency pair had a muted reaction to the upbeat Markit/CIPS UK manufacturing PMI data but fell on the robust US non-farm payrolls report before rallying higher after later US releases.

British Pound Rallies Against US Dollar After Queen Elizabeth’s Speech

The GBP/USD currency pair rallied higher today after Queen Elizabeth‘s speech at the Mansion House during the opening of the UK parliament. The currency pair was also boosted by comments from the Bank of England‘s Chief Economist, Andrew Haldane, who outlined a hawkish view regarding future rate hikes.

Euro Loses Ground Against the US Dollar on Dovish ECB and UK Election Results

The euro today lost significant ground against the US dollar to test new lows for the third day in a row after yesterday’s dovish outlook from the European Central Bank. The currency pair’s decline was also caused by the stronger US dollar after yesterday’s UK general election, which resulted in a hung parliament, as no party won a majority.

GBP/USD Loses Ground to Test New Lows After Latest YouGov Poll

The GBP/USD currency pair today lost ground after the release of a new YouGov poll, which indicated that Theresa May‘s party might not get the necessary majority in the upcoming UK election. The currency pair began the day’s session on an upward trend before losing ground after the YouGov poll indicated that the Conservative Party would fall short of a majority by 22 seats.

GBP/USD Tumbles Lower Then Rallies Higher After Release of Opinion Poll Results

The GBP/USD currency pair today hit new weekly lows early in the European session before quickly retracing its losses and hitting new highs after the release of a PanelBase poll. The currency pair was on a downward trend after the release of a YouGov poll, which indicated that Theresa May‘s party might lose twenty seats in the upcoming elections.

British Pound Weakens Against US Dollar amid UK Politics and Strong US Data

The British pound today came under increased selling pressure after the release of positive US GDP data by the Bureau of Economic Analysis as well as personal consumption data. The British pound was under intense selling pressure today as UK politics take center stage given that the Conservative Party has lost significant ground against the Labor Party.

Pound Rallies on Friday After Week of Good Data

The Great Britain pound gained on Friday, poised to end the week with gains versus the Japanese yen but was heading to losses against the euro and the Swiss franc.

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