Currency Forecasts

Category: Brexit talks

Sterling falls as political uncertainty returns

Sterling has edged lower against the Euro overnight, as uncertainty returned to UK politics following the sacking of Cabinet minister Damien Green. Also pushing the Pound lower was a report by the IMF that downgraded UK growth forecasts, stating that…

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Brexit talks cause volatility for the Pound.

It’s been an interesting Monday for the Pound, with exchange rates proving to be very volatile due to Brexit talks and rumours of a deal. This morning, there was talk that a deal was going to be announced, and Sterling/Euro…

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Pound under pressure ahead of EU summit

Sterling hit an 8 week high against the US Dollar yesterday, but has dropped back a little this morning. The UK’s major banks passed the ‘stress test’ showing that they would be able to cope with a hard Brexit, and…

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Pound/Euro spikes on Barnier comments

The Pound has strengthened today on comments from the EU chief negotiator Michel Barnier. He said that he was ready to speed up talks with the UK, and that in the next few days the dates for the next round…

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Pound recovers after Brexit progress

Sterling bounced back on Friday after the news that EU leaders have said they would begin preparations to move Brexit talks to the second phase. This was a positive move, and contrary to the ‘deadlock’ that had been mentioned previously….

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