Author: Lauren Bessent (Lauren Bessent)

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GBP Falls Back as UK PMI’s Fail to Impress
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GBP Falls Back as UK PMI’s Fail to Impress

The markets began in risk-off mode on Tuesday after a volatile start to the week. The Pound Sterling exchange rate slipped to levels of below 1.40 against the US Dollar (GBP/USD) and resides around the 1.12 mark versus the Euro (GBP/EUR). Markit’s Services Purchasing Managers’ Index (PMI) came in below expectations at 53.0 in January,...

Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar
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Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates were able to break through key psychological barriers overnight. GBP/USD rose to above 1.40 for the first time since Brexit, while the GBP/USD exchange rate reached a one-month high of 1.14. Sterling’s gains against the US Dollar follow a bout of USD...

Pound Slips against US Dollar (GBP/USD) on Brexit and Future Trade Talks
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Pound Slips against US Dollar (GBP/USD) on Brexit and Future Trade Talks

The Pound slipped dramatically against the Euro (GBP/EUR), US Dollar (GBP/USD), and Australian Dollar (GBP/AUD) on Friday as EU negotiator Michel Barnier warned that difficulties could lie ahead in Brexit talks. Moody’s Analytics also stated its concerns in a new report, saying: ‘The risk of further deadlocks in talks is substantial and the uncertainty concerning...

GBP/NOK, GBP/SEK Rise by Over 1.0% as Pound Sterling Rallies, GBP/EUR Higher
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GBP/NOK, GBP/SEK Rise by Over 1.0% as Pound Sterling Rallies, GBP/EUR Higher

The Pound had a productive session on Monday, climbing against a host of other currency majors, making notable gains against the Swedish Krona (GBP/SEK) and the Norwegian Krone (GBP/NOK). Last week, the Swedish and Norwegian currencies felt a hit with the Krone hovering near nine-year lows, as falling commodity prices and weak data intensified the...

Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit
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Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit

The Pound exchange rate climbed on Friday after the UK’s growth estimate for the three months through October was upgraded from 0.4% to 0.5%, according to the National Institute of Economic and Social Research (NIESR). NIESR Head of UK Macroeconomic Forecasting Amit Kara, commented: ‘Although economic growth is likely to be stronger in the second...

GBP/USD Exchange Rate Stabilises Ahead of US Non-Farm Payrolls
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GBP/USD Exchange Rate Stabilises Ahead of US Non-Farm Payrolls

The Pound to US Dollar (GBP/USD) exchange rate managed to stabilise somewhat in Friday’s European session after heavy losses of around -1.44% the day before. Sterling slid as the Bank of England (BoE) increased interest rates for the first time in a decade. Sterling fell as markets were left disappointed that interest rates wouldn’t be...

GBP/EUR Falls -0.68%, GBP/USD Drops -0.40% as UK Retail Sales Flop
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GBP/EUR Falls -0.68%, GBP/USD Drops -0.40% as UK Retail Sales Flop

The Pound Sterling to Euro (GBP/EUR) exchange rate was trending -0.68% lower in Thursday morning’s trading, while the Pound to US Dollar (GBP/USD) exchange rate resided around -0.40% lower. UK Retail Sales placed pressure on the pound when they came in overwhelmingly below forecasts according to the Office for National Statistics. On the month, the...

Pound (GBP) Exchange Rate Advances; Sterling Best-Performing G10 Currency Last Week
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Pound (GBP) Exchange Rate Advances; Sterling Best-Performing G10 Currency Last Week

The Pound exchange rate advanced against other currency majors such as the Euro (GBP/EUR) on Monday continuing its impressive performance as the best-performing G10 currency last week. The rise in Sterling has been attributed to positive sentiment surrounding the UK’s progress towards securing a two-year transition period by year-end. The Pound to Euro (GBP/EUR) exchange...