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Pound Falls on Calls for General Election, Yellowhammer Leak

The Brtish pound today fell against the US dollar despite putting up a strong fight as the Labour Party leader Jeremy Corbyn ramped up calls for a general election to unseat the Conservative Party. The GBP/USD currency pair fell at the start of today’s session, then recouped all its losses as it carried over last week’s strength, but fell to new lows in the London session.

Surprising Growth of Britain’s Retail Sales Bolster Sterling

The Great Britain pound gained against other most-traded currencies today after Britain’s retail sales rose unexpectedly last month. The threat of a no-deal Brexit continues to hang over the currency, but the sterling largely ignored it today, paying more attention to the positive data.

Pound Rallies on Upbeat UK Inflation, Drops on Recession Fears

The Sterling pound today rallied higher against the US dollar in the early London session following the release of the latest UK inflation data, which beat expectations. The GBP/USD currency pair later trimmed its gains as fears of a recession in the UK hit investors following the inversion of the UK yield curve for the first time since the 2008 financial crisis.

Pound Crashes to New 2-Year Lows as UK Q2 GDP Disappoints

The Sterling pound today crashed to fresh 2-year lows after the latest UK GDP report indicated that the country’s economy shrunk 0.2% in the second quarter. The GBP/USD currency pair was also weighed down by other weak UK macro releases including the disappointing industrial production data.

British Pound Falls on Election Rumors as Hard Brexit Weighs

The British pound today fell to new weekly lows after the Sun published a report saying that Boris Johson was planning an election immediately after a hard Brexit. Investors were shocked at the news, which seemed to confirm that the Johnson administration had abandoned all plans to negotiate a deal with the EU.

Pound Falls On By-Election Results, Rallies Despite Upbeat NFP Report

The Sterling pound today fell to its daily lows as investors reacted to the results of a by-election where the ruling Conservative Party lost a crucial seat. The GBP/USD currency pair later rallied higher after the release of the upbeat US non-farm payrolls data in the early American session.

Pound Falls to 2.5-Year Lows, Ignores BoE and Rallies on USD Weakness

The British pound today fell to 2.5-year lows against the much stronger US dollar, which was boosted by yesterday’s FOMC rate decision. The GBP/USD currency pair was barely affected by the Bank of England‘s interest rate decision before rallying higher later driven by the weak greenback.

Sterling Suffers from Rising Chances of No-Deal Brexit

The Great Britain pound slumped against all other most-traded currencies today amid concerns that chances for a no-deal Brexit increase. And a hard Brexit can deal a serious blow to Britain’s economy. The currency was trading at the lowest level in about two years.

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.

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.

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