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The pound corrected some of its recent gains, and the Australian and New Zealand dollars came under some pressure amid a restive and risk-wary sentiment in global stock markets, while EUR-USD and USD-JPY, and most other pairings, held in narrow ranges. Read more
The dollar majors have been trading narrowly so far today. The pound has been consolidating after rallying yesterday as markets were tantalized by the prospect of a Brexit deal, which had until last week looked like a remote possibility. Cable posted five-month peak at 1.2800 just after the London fixing, subsequently correcting to the lower 1.2700s before turning back higher, with the bid presently at 1.2776. Read more
The Dollar was mostly lower in N.Y. on Tuesday, led by gains in both Sterling and the Euro, which came following reports that an EU/U.K. Brexit deal may be close. Cable vaulted to near five-month highs just under 1.2800, while EUR-USD topped at 1.1045. Read more
OVERVIEW There is breaking news of a draft Brexit deal pushed the GBP up to 1.2750 Reports from the US and China are conflicting as far as how close the world's two largest economies are on a trade deal. HIGHLIGHT The GBP is up 0.5% on the day with Brexit X-factor dictating market sentiment. Read more
The dollar has traded mixed so far today, while a rise the pound has been the biggest mover out of the main currencies. The pound pared gains, having remained below the respective highs seen last Friday against the dollar and yen. The UK currency did managed to eke out a fresh five-month peak in the case against the euro, however. Read more
Both the pound and the euro are up against most other currencies on an increased perception that there will be another Brexit delay, which would take the deadline out to January 31 or later. There is also increasing signs that Prime Minister Johnson has a stab at winning sufficient parliamentary support on his plan should he manage to reach a deal with the EU. Read more
The biggest mover so far today has been the GBP-JPY cross, which has dropped by nearly 1%, reflecting about two parts sterling underperformance amid reports of a lack of progress in Brexit negotiations over the weekend, and about one part yen outperformance, which rebounded as the optimism over the yet-to-be-signed-off U.S.-China trade deal faded. Read more
Currencies have opened the week in undramatic fashion, with the major dollar pairings and cross rates plying range ranges so far. Sterling has drifted lower, correcting some little after seeing the biggest two-day rally in 25 years at the tail end of last week. Read more
With the exception of USD-JPY, the Dollar was lower in N.Y. trade on Friday. Save-haven flows seen into the USD over the past week or so have been unwound to a degree on positive trade news, while strength in the pound and Euro have stepped up on hopes for a Brexit resolution. Read more
