{{ storiesRelated.title }}

04 Dec
pound coin 3005870 640
Pound hits seven-month high versus dollar

Sterling hit a seven-month high against the dollar on Wednesday as the Conservatives continued to lead the polls in the run-up to the general election next week.

29 Nov
cash money sterling pound
FX round-up: Pound little changed despite better-than-expected lending data

Friday saw another sudued session of trading in global foreign exchange markets.

28 Nov
ep el rey recibe las cartas credenciales del nuevo embajador de chile el excanciller roberto ampuero
FX round-up: Pound little changed despite polls, Chilean and Colombian peso unloved

The pound was little changed on Thursday, despite the release of poll data predicting a big win for Conservatives at the next general elections and a strong reading on UK consumer confidence.

11 Nov
ECB council pushes Lagarde to overhaul policymaking

The European Central Bank's newly arrived leader Christine Lagarde is facing pressure from the governing council to overhaul how monetary policy is decided and improve the monetary authority's internal decision-making process.

11 Nov
nigel farage, ukip
Pound shoots higher as Farage says Brexit party won't stand in Tory seats

Sterling shot higher on Monday after Nigel Farage said the Brexit party will not stand in the 317 seats won by the Conservatives at the 2017 general election, boosting Boris Johnson's chances of success in the upcoming election.

25 Oct
Russian central bank cuts rates by 50 basis points

Rate-setters in Moscow surprised some analysts at the end of the week with a larger than expected reduction in short-term official interest rates.

21 Oct
Pound gains despite postponement of Brexit deal vote

The pound was unfazed by the Speaker of the House, John Bercow's, decision not to allow a "meaningful vote" on the Prime Minister's Brexit proposal to go ahead on Monday, as some observers had correctly anticipated.

18 Oct
cb china dr1
Chinese economy grows 6.0% in Q3, slowest pace since early 1990s

China released third-quarter GDP figures on Friday showing the economy grew at its slowest pace since the early 1990s as the trade war with the US took its toll.

18 Oct
dave ramsden mpc
BoE's Ramsden continues to expect 'gradual but limited' interest rate hikes

Parliamentary approval of Prime Minister Boris Johnson's Brexit deal proposal would most likely pave the way for interest rate hikes, a top Bank of England policymaker said.

17 Oct
Brexit deal may get through Parliament, Exane says

Traders shied away from pushing Sterling any higher on Thursday despite confirmation that the UK and the European Union had reached an agreement on the terms of the former's withdrawal from the bloc.

16 Oct
FX round-up: Sterling jumps on continued optimism hard Brexit can be avoided

It was a volatile day for Sterling as a succession of contradictory headlines around whether the outlines of a Brexit deal had in fact been agreed or not cascaded across traders' screens throughout the day.

16 Oct
Sterling jumps past 1.28 after report DUP accepts Brexit proposal

Sterling popped back above 1. 28 in afternoon trading following a report that the Northern Irish DUP had accepted the Brexit proposals tabled by Westminster, removing the biggest stumbling block to a deal being approved with the European Union.

15 Oct
brexit-dup-irlande-du-nord-royaume-uni-ue 20190401112011
UK and EU said to be close to draft legal text on Brexit

Negotiators for the UK and the European Union are close to reaching a draft deal for Britain's withdrawal from the bloc.

15 Oct
michel barnier ue portada
Pound rallies as Barnier says Brexit deal possible

Sterling popped higher on Tuesday after the EU's top Brexit negotiator, Michel Barnier, said a Brexit deal is possible.

14 Oct
FX round-up: Pound slips, but JP Morgan less pessimistic on Brexit talks

Sterling was on its back foot at the start of the week, but only slightly so, as traders tried to gauge the probabilities of a withdrawal deal being reached before 31 October.

11 Oct
Sterling breaches $1.25 as EU's Tusk hails signs of progress on Brexit talks

Sterling hit a three-week high on Friday, rising above the $1. 25 mark after European Council President Donald Tusk said he had received "promising signals" that a Brexit deal was possible.

09 Oct
FX round-up: Volatility spikes as traders sift through Brexit headlines

Thursday proved to be a volatile session for sterling traders, despite the generally 'risk-on' backdrop in financial markets globally following reports that Beijing was still open to a limited trade deal.

09 Oct
pound coin 3005870 640
Pound spikes briefly higher on latest Brexit twist

The pound was once against buffeted by the ongoing twists in the Brexit negotiations on Wednesday, bouncing back from five-week lows before retreating once again.

08 Oct
pound sterling gbp money inflation spending
Sterling slumps as Brexit deal hopes fade

Sterling tumbled on Tuesday as hopes of a Brexit deal faded, hitting a one-month low against the euro amid reports that Downing Street now deems a deal "essentially impossible".

07 Oct
FX round-up: Pound dips on speculation PM might go to Supreme Court to avoid extension

The pound drifted slightly lower at the start of the week after The Daily Telegraph reported that the Prime Minister, Boris Johnson, was ready to go to the Supreme Court in order to avoid having to ask Brussels for another extension if he had not clinched a withdrawal deal by 19 October, as the Benn Act required of him.