The pound has boosted above $1.30 today amid election speculation. The cable peaked to its highest since October 22nd, touching $1.2972 against the dollar.
The pound remained supported at 1.2936 as investors gambled on less risk of a hard-Brexit as the election campaign is already underway.
“Do or die”, the spooky words uttered by Prime Minister Boris Johnson. The same words that reveal his much-heralded Halloween deadline to be more trick than treat.
FX experts and strategists are certainly ruling nothing out ahead of tomorrow’s crucial parliamentary vote on Britain’s deal to withdraw from Europe.
Just as news broke that the pound had rallied today following confirmation that a long-awaited Brexit deal had been reached, the cable reversed its gains.
The pound fell today as traders geared up for a clash between the government and rebels opposing Boris Johnson’s controversial Brexit plans.
Investors are growing increasingly pessimistic about Germany’s economic outlook, after the ZEW report, which measures investor confidence, worsened for a fourth straight month.
For the first time in the last financial year, the UK government reported that the UK has overtaken Germany as…
The Bank of England has warned today that it believes Britain has a one in three chance of falling into a recession, as growing fears and uncertainty over Brexit continue to pull down the economy.
Things have gone from bad to worse for the pound. As it stands, the pound is now the most volatile currency in the G-10.