What to expect from GBP exchange rates in 2023?
Looking back on 2022, GBP exchange rates had one of the most volatile years on record especially against the US Dollar.
After such a bumpy ride for the Pound you may expect to see less volatility for GBP exchange rates but with economic growth set to drop this can never be ruled out, especially at the beginning of the year.
To recap 2022, GBP/USD experienced its worst annual performance since 2016 which was an exceptional year owing to the unexpected Brexit vote which caught the currency...
Pound jumps on expectations that Liz Truss will announce huge economic plan – Sterling...
The pound has struggled to find many positive days in recent weeks, however, over the course of this morning we have seen sterling exchange rates creep up against all major currencies.
The majority of this can be put down to a minor shift in sentiment and that investors and speculators alike appear to have some confidence behind the expected economic plans being muted by new Prime Minister Liz Truss.
Expectations are for an economic package of £130 Billion to be announced in due course which would...
Pound to Euro Exchange Rate Gains as Brexit Deal Passes Parliament
The pound to euro exchange rate was higher into Thursday after Boris Johnson’s Brexit deal passed Parliament with hours to spare. The agreement moved to the House of Lords, which approved the deal late on Wednesday, just one day before Britain is set to leave the European Union.
The GBP to EUR rate was trading 0.20% higher at 1.1090 after seeing support at 1.1000 yesterday.
Brexit Deal Finally Moves on From UK Politics
The signing of the deal ahead of the end of the transition phase today...
AUD to GBP Rate Higher as Virus Outweighs Brexit
The AUD to GBP exchange rate was trading higher on Wednesday as fears over the virus and lockdowns have outweighed any positive sentiment on the Brexit deal. The UK Parliament will vote on Boris Johnson’s deal later on Wednesday and the deal is set to pass as the Labour party and Johnson’s own party hardliners have said they will support the deal.
AUDGBP was trading at 0.5650 early on Wednesday and the pair may want to test the previous highs at 0.5720.
China Trade Spat Still...
Pound to Dollar Rates: Pound Hamstrung by “Thin” Post-Brexit Deal
The festive season is typically a quiet period for markets. This year had potential to be an exception to the rule after the UK and EU finally struck a post-Brexit free trade deal on Christmas Eve. Instead of rocketing to multi-month highs, however, the pound to dollar rate shrugged its shoulders at the news following an initial rally – and the reason for its unenthusiastic response and subsequent slide lower was simple: the contents of the deal is not considered a game-changer for the...
Pound to Euro Rate Holds Steady Ahead of Parliament Brexit Vote
The pound to euro exchange rate was quiet in early trading on Wednesday as traders await the UK Parliament’s vote on Boris Johnson’s Brexit deal.
Pound bulls have been disappointed by the lack of gains on the Brexit deal and this has led to some profit taking and weakness in the quiet holiday trade environment. Today’s Nationwide house price data saw prices rising to their biggest annual increase in six years.
The GBP to EUR rate was trading at 1.1025 ahead of today’s vote in Parliament....
Pound to Dollar Rates: Pound Sheds Brexit Deal Gains
Christmas came early for the pound after London and Brussels finally struck a Brexit deal on Thursday, just a week before Britain’s official separation from the bloc at the end of the year.
European Commission President, Ursula Von Der Leyen tweeted: "We now have a fair and balanced agreement with the UK. It will protect our EU interests, ensure fair competition and provide predictability for our fishing communities. Europe is now moving on." While Boris Johnson said: "We have taken back control of our laws...
EURGBP Extends Post-Brexit Deal Gains
The EUR to GBP exchange rate held onto its post-Brexit trade deal gains with a move to 0.9075. The pair is seeing some profit-taking after traders were disappointed with the lack of a sterling rally following the agreement on the UK’s exit from the European Union.
The deal has not been formally approved by both Parliaments and investors may be on the sidelines but the talks have been going on for weeks and all scenarios would have been accounted for. The bearish tone will have...
Pound Sterling Highest Performing Major Currency of the Day as Brexit Talks Continue
Sterling exchange rates have surged over the trading day as the markets digested another extension to the deadline as both the UK and EU have decided to continue trade talks and both sides seem like they are heading closer to a deal.
Sterling Recovers from Last Week's Losses
The pound dropped towards the end of last week as traders started steering clear of the pound due to concerns over a no deal Brexit being announced on the weekend. Those concerns were lifted over the course of...
Pound to Euro Rallies After Brexit Talks Extended
The pound to euro rate rallied in early Monday trading, gaining more than a cent, after the week began with another extension to deadline talks. The GBPEUR was trading above the 1.1020 level again after Boris Johnson and Ursula Von Der Leyen agreed to, “go the extra mile”.
The news will dominate trading for the day ahead of the UK unemployment data on Tuesday.
Another Brexit Deadline Passes Without Any Obvious Progress
Sunday’s “cliff edge” Brexit deadline has passed after the two sides agreed to continue the...
