Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- December 15, 2020
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The pound stabilised after Monday’s sharp rebound as market participants grew more optimistic about the chances of a Brexit deal, but implied volatility gauges pointed to further price swings ahead as the Dec. 31 Brexit deadline approaches. Sterling dropped to as low as $1.3135 last Friday and implied volatility surged to its highest since March, […]
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Market Update
- Posted by currencies in Brexit, coronavirus, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 14, 2020
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Sterling kept overnight gains against the dollar and the euro, as talks for a post-Brexit trade deal between Britain and the European Union were set to continue after the two sides decided to extend discussions beyond the previous day’s deadline. British Prime Minister Boris Johnson and the president of the EU’s executive Commission, Ursula von […]
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Market Update
- Posted by currencies in Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 11, 2020
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Sterling fell further this morning and implied volatility surged as markets increasingly price the risk of the UK crashing out of the European Union at the end of the month with no trading arrangements in place. Prime Minister Boris Johnson said there was “a strong possibility” Britain and the EU would fail to strike a […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 10, 2020
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The Brexit-battered pound extended its losses against the dollar and the euro, as investors became more cautious about the risk of Britain and the EU failing to agree on a Brexit deal, with just three weeks until the Dec. 31 deadline. The pound dropped not long after 10pm on Wednesday, when a dinner between UK […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 8, 2020
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Britain’s pound was the biggest mover in otherwise quiet trade among the G10 group of currencies, falling broadly as caution grew among investors awaiting the outcome of Brexit trade deal talks that have come down to the wire. With only three weeks to go for Britain to fully complete its exit from the European Union, […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- December 7, 2020
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Post-Brexit trade talks hung in the balance this morning as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in just 24 days. With growing fears of no-deal chaos after the United Kingdom finally leaves the EU’s orbit on Dec. 31, […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Sterling, UK, Uncategorised
- December 4, 2020
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Sterling was falling this morning, retreating from the one-year high it reached the day before, on growing scepticism that Britain will be able to clinch a post-Brexit trade deal with the European Union by the end of this month. The EU is still negotiating a trade deal with Britain, European Council President Charles Michel said […]
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Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- December 3, 2020
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Sterling held on to $1.34 thanks to broad dollar weakness, but derivative markets were flashing red on doubts that Britain and the European Union can strike a Brexit deal before the country’s transition out of the bloc ends in four weeks’ time. The EU’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations were […]
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Market Update
- Posted by currencies in Brexit, coronavirus, GBP, Sterling, UK, Uncategorised
- December 2, 2020
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Sterling dipped as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the European Union, offsetting any optimism from becoming the world’s first country to approve the Pfizer-BioNTech COVID-19 vaccine. The pound hit a three-month high against dollar on Tuesday evening after UK broadcaster Times Radio said the trade deal talks had […]
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Market Update
- Posted by currencies in Brexit, coronavirus, No Deal, Sterling, UK, Uncategorised
- December 1, 2020
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The pound was close to $1.34 for the first time in three months, and also edged up versus the euro, as market participants remained optimistic that a Brexit deal could be reached this week, despite a lack of tangible progress in negotiations. The UK left the European Union in January and is currently in a […]
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