The Pound

Sterling rises for third day before price data

Wed, 19 Dec 2018 - 09:34 GMT

A sharp fall in inflation might further weigh on market expectations of a rate hike. Money markets are pricing in an 80 percent probability of one interest rate hike next year.

Pound jumps after British minister raises prospect of Article 50 delay

Wed, 12 Dec 2018 - 09:23 GMT

The pound rose as much as half a percent to $1.2550 from below $1.25 earlier in the session. Against the euro sterling rose 0.3 percent to 90.27 pence.

Sterling above lows after BOE's Carney comments

Wed, 21 Nov 2018 - 09:24 GMT

Against the euro, the pound was broadly flat at 89.06 pence.

Sterling edges higher as May battles to save her Brexit deal

Mon, 19 Nov 2018 - 10:03 GMT

After a week in which a slew of ministerial resignations rocked May’s government, a confidence vote in her leadership has yet to materialise and she is clinging to power.

Sterling plunges as Brexit minister Raab resigns

Thu, 15 Nov 2018 - 10:11 GMT

Raab said May’s plan threatened the integrity of the United Kingdom and he could not support an indefinite backstop arrangement where the EU held a veto over Britain’s ability to exit the bloc.

Pound rebounds after UK minister says Brexit deal still possible this week

Tue, 13 Nov 2018 - 09:15 GMT

The pound rose 0.2 percent versus the euro at 87.11 pence.

Sterling rallies on reports Britain closing in on Brexit deal

Thu, 08 Nov 2018 - 10:08 GMT

The pound has benefited from growing hope among investors that Britain is close to reaching a deal with the European Union less than five months before it is due to exit the bloc.

Sterling drifts lower as Hammond raises prospect of end to austerity

Tue, 30 Oct 2018 - 09:27 GMT

However, sterling did edge lower in late European trading, partly as a result of a stronger dollar.

Sterling extends its fall as Brexit worries mount

Wed, 18 Jul 2018 - 09:02 GMT

May threatened rebel lawmakers in her Conservative Party with a general election this summer if they defeated her Brexit plans on customs.

Sterling rallies as UK services growth builds case for rate rise

Thu, 05 Jul 2018 - 08:28 GMT

The pound rose to $1.3201, a five-day high, from $1.3176 before the data GBP=D3 and away from 2018 lows hit last week of $1.3050.