|Day's Range||0.863 - 0.864|
|52 Week Range||0.8497 - 0.9396|
Investing.com - The pound spiked on Tuesday after Bloomberg reported that the U.K. and European Union are close to agreeing on a legal draft of a Brexit deal.
Investing.com -- The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month.
Investing.com -- The dollar was slightly higher and the British pound stumbled at the start of the week, on lingering doubts about the outlook for the world economy as the market takes a closer look at the much-hyped breakthroughs on the U.S.-China trade dispute and on Brexit.
Investing.com - The pound jumped to an intraday high on Friday after U.K. Prime Minister Boris Johnson said he thought there was a way forward for a Brexit deal with the European Union, adding that “there is work to be done.”
Investing.com - The pound rose on Friday after European Council President Donald Tusk said that U.K. Prime Minister Boris Johnson has promised to deliver a Brexit solution "that works for all". The news comes after unconfirmed reports suggesting that Johnson had dropped his insistence that Northern Ireland remain in the U.K. customs area after Brexit.
Investing.com - The pound tumbled on Tuesday, as the U.K. government blamed German Chancellor Angela Merkel of making any type of Brexit agreement impossible.
Investing.com -- The euro hit a new low for 2019 against the dollar, EUR/USD falling to $1.0923 as of 6:45 AM ET (1045 GMT). There was no immediate trigger for the new low, but it came against a backdrop of fresh uncertainty over European Central Bank policy after the resignation late Wednesday of Sabine Lautenschlaeger in an apparent act of protest against President Mario Draghi's insistence on reviving quantitative easing.
Investing.com - The pound fell to one-and-a-half week lows against the dollar on Wednesday, pressured lower by the prospect of early U.K. elections with just five weeks to go until the Brexit deadline.
Investing.com - The U.K. Supreme Court ruled on Tuesday that Prime Minister Boris Johnson’s decision to suspend Parliament was unlawful.
During September, the British pound is struggling to get out of the pit where it fell on the fear of no-deal Brexit. This decline sent GBPUSD in August and early September to levels that had not been consistently achieved since 1985. However, it also probably attracted the interest of speculators who consider the current historically low levels as an excellent opportunity to buy over-sold British currency.
Investing.com – The Bank of England left interest rates on hold on Thursday. as it awaits further clarity on Britain’s preparedness for exiting the EU.
Investing.com - Three judges on the Scottish High Court ruled that U.K. Prime Minister’s Boris Johnson’s decision to suspend parliament is unlawful. An appeal is expected to be heard in the Supreme Court on Tuesday.
Investing.com - The British pound struggled to hold gains against the U.S. dollar and the euro on Tuesday after the U.K. employment report for July showed solid wage growth and a slight decrease in the unemployment rate. Annual wage growth hit 4% for the first time since 2008 but the currency remains tied to the unfolding drama over Brexit.
Investing.com - The pound tumbled in early morning trading Friday after the high court in London ruled that U.K. Prime Minister Boris Johnson’s move to suspend parliament was legal. The ruling will be appealed to the supreme court, which has already agreed to hear appeals on Sept. 17.
UK PM Johnson is to prorogue (suspend) Parliament next week, only 9 weeks before Brexit is due. The Queen’s Speech will be on 14 October and will outline his “very exciting agenda”. It will also mean very little Parliamentary time for the opponents of a No-Deal Brexit to organize. The first salvo of a volatile new season.
Investing.com - This week all eyes will be on the Federal Reserve as investors wait for fresh insights on how it may respond to growing fears of a recession after the Treasury yield curve inverted. The Fed will hold its annual gathering in Jackson Hole later in the week, where Chairman Jerome Powell is to deliver what will be a closely watched speech Friday. It will publish the minutes of its July meeting on Wednesday.
Global aversion to the risk continues. President Trump easing his policy on the trade war with China did not help much here. Inverted yield curve is doing its job spooking the market participants.
Investing.com -- Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close.
Investing.com - In the coming week investors will continue to monitor trade developments and moves in the Chinese yuan amid ongoing U.S.-China trade war concerns. Economic data from around the world will also be in focus as investors try to gain insights into the health of the global economy and whether central banks will stick to an accommodative monetary policy path.