Sterling is flat ahead of Brexit negotiations
19 June 2017

On Monday, several major central banks released their reports on monetary policy and inflation, pushing the U.S. dollar and the euro higher against the yen. Market players are waiting for speeches of the Federal Reserve’s officials and any suitable information about Brexit negotiation. (more…)

Canadian dollar rise on hawkish comments from BoC
13 June 2017
Tags: , ,

The Canadian dollar reached the highest position for two months on Tuesday, after the Central bank of Canada’s hawkish comments. Meanwhile, political uncertainty in Britain undermined the position of sterling. (more…)

GBP falls after results of UK elections
9 June 2017

The British pound demonstrated a downside movement on Friday reacting to results of the British elections and possible consequences. None of parties managed to win a majority of seats in the Parliament, and this situation can lead to political instability in the country or even stop the Brexit process. The pound lost almost 2% right after the results were published. (more…)

Pound tends to go down after attack in London
5 June 2017
Tags: , ,

The British currency was weak on Monday as markets reacted to an attack in London where seven people were killed. As a result, the GBP/USD pair went down by 0.14% to the level of 1.2869. The USD/JPY pair gained 0.27% and was traded at 110.69; AUD/USD rose by 0.16% to the level of 0.7454. The U.S. dollar index also grew up by 0.17% to the mark of 96.77. (more…)

Sterling falls on risks of upcoming UK parliament election
31 May 2017
Tags: ,

The British pound went down on Wednesday after the recent poll demonstrated risks that the British Prime Minister Theresa May’s Conservative Party will not receive the needed part of an overall majority in the national election in June 8. (more…)

GBP goes down against JPY after Manchester blast, euro close to six-months high
23 May 2017
Tags: , ,

After a terrorist attack in Manchester, the pound lowered its position against the yen on Tuesday. The European currency was not far from six-month highs against the dollar after Chancellor of Germany Angela Merkel pointed on the currency weakening. (more…)

Euro goes up and DXY falls after CPI report in UK
16 May 2017
Tags: , ,

The European currency reached 6-month highs on Tuesday before the report about first quarter growth in the Eurozone and continued its movement after U.K. CPI report was released. The U.S. dollar lowered as U.S. manufacturing data showed weak results. (more…)

Sterling regains position after May calls general elections
19 April 2017

On Wednesday, sterling became a central point of market players’ attention after Britain announced its decision to undergo snap elections. Such a situation could result in more market-friendly outcome of the Brexit process. Meanwhile, safe-haven assets reached record levels because of the upcoming presidential election in France and geopolitical tensions between the United States and North Korea. (more…)

What will happen to the pound after Brexit begins?
27 March 2017
Tags: , ,

One of the most vital questions for traders now is sterling’s performance after Brexit actually begins. British Prime Minister Theresa May initiated the formal procedure of Article 50 of the Lisbon Treaty on Wednesday. It will result in a two-year period of talks and decisions leading to the opposite movement of UK and European Union. (more…)

Sterling reaches 3-week highs due to UK inflation
21 March 2017
Tags: ,

The pound went up to three week highs against the U.S. dollar after information about UK annual inflation was released. The data indicated that February inflation in the country has reached the highest level since September 2013. (more…)