GBP / USD attempts a bounce, but the firmer USD limits the rally. The EU asks the Brexit minister to stop “political positions” on the Iralnda del Norte protocol. BOE Governor Andrew Bailey downplays concerns about inflation, risk trends and Brexit. The GBP / USD has attempted a tentative recovery towards 1.3450 during the Asian […]
Tag: Brexit
Significant differences remain between the EU and Britain over the Northern Ireland Protocol
Significant differences continue between London and the EU over the implementation of the Northern Ireland protocol provided for in the Brexit agreement, and negotiations will continue in London next week, Britain’s David Frost announced today. “We have not made significant progress yet” on customs and phytosanitary controls on goods delivered from Britain to the British […]
Irish Prime Minister Martin senses the desire of all parties to solve the problems of the NIP
Irish Prime Minister Michael Martin, said on Friday that it detects a genuine desire on all sides to resolve issues related to the Northern Ireland Protocol (PIN). His comments follow statements by influential UK Minister Michael Gove, who said he was confident that we will be able to advance the discussions related to the PIN […]
GBP / USD Slashes Modest Intraday Gains, At One-Week High
GBP / USD struggled to capitalize on its intraday gains beyond 1.3500. Brexit troubles turned out to be a key factor acting as a headwind for the GBP. Aggressive expectations from the Fed propped up the USD and contributed to the decline. The pair GBP/USD it extended its steady intraday decline during the early days […]
Professional transport crisis: who will drive trucks in Europe?
Driving a truck is no longer attractive: there is a shortage of 400,000 truck drivers in Europe, with European transport companies finding it difficult to attract staff with relatively low wages and complicated working conditions. The shortage had already been felt before Covid-19 but the crisis was exacerbated by the recovering economy, especially in the […]
GBP / USD hovers near week-long highs and looks to extend momentum beyond 1.3500
GBP / USD is moving higher on Thursday, although it lacks continuation beyond the 1.3500 level. Rising expectations for an imminent rate hike from the BoE benefits the British pound and supports the pair’s upward move. Optimistic expectations from the Fed act as a tailwind for the USD, limiting gains amid Brexit troubles. The pair […]
Frost says Northern Ireland Protocol deal ‘can be done’ with EU before Christmas
British Brexit Minister David Frost has told BBC News that he believes that an agreement on the Northern Ireland Protocol “can be done” with the European Union (EU) before Christmas. Frost said he agrees with the opinion of Irish Foreign Minister Simon Coveney, but has added that if “done” depends on whether the agreement solves […]
EUR / GBP falls to lows of more than two weeks around 0.8450
EUR / GBP is witnessing further sales following the release of UK employment details. The ECB’s outlook further contributes to the relative poor performance of the common currency. Brexit issues could prevent GBP bulls from opening new positions and help limit losses. A sudden spike in GBP demand dragged the EURGBP cross to more than […]
Forex Today – Asian Session: Sentiment Drives Financial Markets
What you need to know on Tuesday, November 16: The euro was the worst performer, falling against the dollar to a new 2021 low of 1.1381. The dollar also appreciated against shelters CHF and JPY, but lost ground against the pound and currencies linked to commodities. Overall, action was limited across all currency areas as […]
GBP / USD recovers from yearly lows and rises above 1.3400, rise appears limited ahead of Brexit talks
GBP / USD marks a nice bounce from the new yearly lows hit earlier this Friday. A modest profit take around the USD is seen as a key factor offering some support for the pair. Brexit jitters and last week’s BoE decision limits any significant hikes. The pair GBP/USD has moved higher and away from […]
