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172,210

Sterling

Sterling edges higher as traders focus on drawn-out Brexit talks

Sterling edges higher as traders focus on drawn-out Brexit talks

  • Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week".
  • Brexit still threatens to be a highly disruptive event to trade, supply chains and the workings of the UK's financial services sector.
Published 17 Nov, 2020 05:34pm
Sterling edges down; Brexit negotiations in focus
Markets

Sterling edges down; Brexit negotiations in focus

  • The mood in markets was lifted by stronger-than-expected Chinese factory output and news that Moderna Inc said its experimental vaccine was 94.5% effective.
  • Broadly speaking, the risk-positive aspect of major markets is still there and I think that's going to help to support sterling.
Published 16 Nov, 2020 06:50pm
Sterling gains 1pc vs euro on Brexit, vaccine hopes
Markets

Sterling gains 1pc vs euro on Brexit, vaccine hopes

  • Sterling also got a boost from hopes that Britain could clinch a post-Brexit trade agreement with the European Union by the end of the year.
  • Sterling also extended gains versus the US dollar, trading last up 0.7% on the day at $1.3257.
Published 10 Nov, 2020 05:46pm
Sterling falls as Europe's COVID-19 resurgence limits risk appetite
Markets

Sterling falls as Europe's COVID-19 resurgence limits risk appetite

  • Euro zone shares fell and London's FTSE 100 dropped to its lowest level in six months. The dollar index rose around half a percent as investors sought safety.
  • The EU's chief negotiator, Michel Barnier, is in London for negotiations, after which the talks will continue in Brussels.
Published 28 Oct, 2020 06:15pm
Sterling edges up vs euro on Brexit optimism; short positions reduced
Markets

Sterling edges up vs euro on Brexit optimism; short positions reduced

  • The dollar strengthened, equities fell, and markets were broadly risk-off. Analysts cited new lockdowns in Europe and record-high daily virus cases in the United States.
  • Right now there's a bit of optimism creeping in from the weekend developments - the extension of the talks until Wednesday,
Published 26 Oct, 2020 05:50pm
Sterling edges higher ahead of Sunak's speech
Markets

Sterling edges higher ahead of Sunak's speech

  • Sunak, who announced on Wednesday that he would not now set out a full budget later this year, was expected to unveil a lifeline to some furloughed workers in a speech around 1045 GMT.
Published 24 Sep, 2020 03:13pm
Sterling regains lost ground after BoE negative rate talk
Markets

Sterling regains lost ground after BoE negative rate talk

  • The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain's economy had performed better than expected.
  • It is clear that they are examining and lining up the tools they can deploy including more quantitative easing and negative rates if the economy diverges from their central scenario,
Published 17 Sep, 2020 09:19pm