Read our currency forecasts and market reports for details of what could affect the Pound, Euro, US Dollar, Australian Dollar and many of the other major currencies.
Following the moving of the end of October deadline for Brexit talks, the latest deadline of the 14th November is upon us this week.
By Ben Fletcher
Very anti-climactic week previously as very little news seems to come out of the summit regarding updates to Brexit.
EU Summit on Thursday could cause currency markets to be vaolatile as UK and EU look to agree the foundations of a deal.
Sterling rose nearly 1% against the euro yesterday following an increase in optimism regarding Brexit.
Quarterly Confederation of British industry report shows that UK unemployment fell by its largest level since the 2009 financial crisis.
Sterling has retreated from its 38-day high hit on the Friday as news emerged from Brexit negotiations that little progress had been made.
Last week, Sterling reached a 4-month high against the US Dollar as the States recorded a fall in GDP of 32.9%, can the Dollar recover?
Sterling value climbs against the euro and US dollar this week as hopes rise for a trade deal with the EU and Japan.
Economists predict that the impact of COVID-19 will cause the UK economy to shrink by 8.7% in 2020.
Ahead of the Bank of England's next policy meeting, there have been rumblings that indicate the BoE may shift their policy focus.
As the coronavirus lockdown continues, the US Dollar and Euro have strengthened over the Pound.
As the FTSE 100 found some restbite yesterday, sterling mounted a comeback against the euro reaching highs of 1.10 before surrendering its gains in the afternoon's trading session.
Spokesman for Downing Street confirms no extension past the Brexit December dealine as France expresses that it will not be 'blackmailed' into a bad deal.
Further Brexit trade comments weighs on the pound despite UK inflation figures and employment data painting a good picture of the UK economy.
Sterling finished last week at a 2020 low against the US dollar as strong economic data strengthens the USD.
