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20 Feb
ep mers coronavirus
FX round-up: Sterling dips amid reports of virus cases in South Korea and North Korea

Sterling extended the previous day's losses despite a better-than-expected reading for monthly UK retail sales, against a backdrop of US dollar strength as investors sought out safe havens.

03 Feb
pound coin 3005870 640
Sterling tumbles on hard Brexit fears ahead of Boris Johnson speech

Sterling tumbled on Monday ahead of a speech by Boris Johnson in which the Prime Minister is expected to insist that there is "no need" for the UK to follow EU rules as part of a future trade deal.

31 Jan
bank of england
FCA 'looking into' sterling rise before BoE rate announcement

The Financial Conduct Authority said on Friday that it is looking into the surge in sterling that took place just seconds before the Bank of England’s interest rate announcement on Thursday.

24 Jan
FX round-up: Wuhan virus and rate cut speculation weigh on sterling

Sterling was trading on the back foot at the end of the week amid a risk-off environment as investors took stock of the new China coronavirus and the impact that it might have on that economy, and positioned themselves ahead of the central bank meetings in the UK and US that were scheduled for over the week ahead.

15 Jan
michael saunders
BoE's Saunders reiterates call for rate cut

Bank of England policymaker Michael Saunders reiterated his call for an interest rate cut on Wednesday as he said the UK economy has remained "sluggish".

13 Jan
bank of england
Sterling loses ground as BoE's Vlieghe hints at rate cut

Sterling was under pressure on Monday after Bank of England policymaker Gertjan Vlieghe suggested that he would vote for an interest rate cut this month.

09 Jan
bank of england mpc mark carney inflation report
Pound retreats on dovish Carney speech

Sterling lost ground on Thursday after outgoing Bank of England governor Mark Carney struck a dovish tone in a speech at an event on inflation targeting, suggesting that the central bank could cut interest rates soon.

17 Dec
boris johnson stranded
Sterling tumbles on no-deal Brexit fears

Sterling took a tumble on Tuesday amid news that Prime Minister Boris Johnson plans to add a clause to the Brexit bill making it illegal to extend the transition period beyond the end of next year, reviving the threat of a no-deal Brexit.

11 Dec
pound sterling gbp money inflation spending
FX round-up: Pound softens as Tory lead narrows in polls

Sterling weakened on the back of a key voter poll showing that the Tories' lead had narrowed in just the past fortnight.

11 Dec
ep boris johnson
Sterling slides as poll warns of further UK political turmoil

Sterling came under pressure on Wednesday after a widely-followed opinion poll predicted the Conservatives would win the General Election with a significantly smaller majority than initially expected.

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.