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Pound Falls From 5-Month Highs After Irish DUP Rejects New Brexit Deal

The British pound today spiked to new 5-month highs after UK Prime Minister Boris Johnson confirmed that the EU and UK had agreed on a new Brexit deal. However, the rally was short-lived as the GBP/USD currency pair quickly reversed all its gains as the Northern Irish DUP opposed the agreement.

Sterling Volatile amid Brexit Uncertainty, Disappointing Data

The Great Britain pound was extremely volatile today, sinking intraday but bouncing later. Currently, the sterling is trading above the opening level. The main reason for the currency’s volatile moves was uncertainty over the Brexit, though today’s mostly underwhelming macroeconomic data also had its negative impact on the pound.

GBP/CAD on Its Course to Confirm 1.6620 as Support

The Great Britain pound versus the Canadian dollar currency pair appreciated beyond 1.6620, which is an important support that recently turned into resistance. Will it be able to turn back into support?

Pound Rallies on Positive Brexit Meeting Between Johnson and Varadkar

The British pound today rallied to new 5-day highs against the US dollar after a positive meeting between Boris Johnson and the Irish Prime Minister Leo Varadkar. The GBP/USD currency pair had attempted to rally early in the London session, but was derailed by mostly negative UK macro releases and fell back to its opening lows.

Sterling Pound Falls as EU Says the Chances of a Brexit Deal Are Slim

The Sterling pound today attempted to rally against the US dollar, but its gains were limited by Brexit headlines indicating that the chances of a Brexit deal by October 31 were minimal. The GBP/USD currency pair today spiked higher before quickly reversing and heading lower as investor sentiment shifted driven by the negative Brexit headlines.

Pound Falls to New 5-Week Lows as Brexit Headlines Trigger Despair

The Sterling pound today fell to new 5-week lows as talks between Britain and the EU appeared to have hit a wall given today’s events. The GBP/USD currency pair today fell after reports that a phone call between Boris Johnson and the German Chancellor had made a Brexit deal almost impossible.

Great Britain Pound Has Muted Reaction to Court Ruling

The Great Britain pound opened sharply lower today, though by now the currency has trimmed losses against most of its rivals. The main negative factor for the sterling remains the Brexit drama, though Monday’s macroeconomic data was also unfavorable to the currency.

GBP/CAD at the 1.6413 Sweet Spot

The Great Britain pound versus the Canadian dollar currency pair seems to have confirmed some relevant areas and as a consequence is about to begin a convinced movement.

Pound Falls on Weak UK Services PMI, Rallies on Support for Brexit Plan

The Sterling pound today fell to its daily lows early in the London session following the release of weak UK services PMI data for September by IHS Markit. The GBP/USD currency pair later rallied higher as British leaders expressed their support for the new Brexit proposals submitted yesterday by Boris Johnson‘s administration.

Pound Falls on Weak UK Construction PMI, Rallies on New Brexit Proposals

The British pound today recovered from its daily lows and rallied higher in the late London session as details emerged of a new Brexit proposal by the British government. The European Union’s positive response to the proposals boosted investor confidence in the pound, causing it to rally higher despite the weak UK PMI released earlier today.

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