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.
Sterling has been considerably more volatile of late considering the plethora of influential announcements being released within the last week.
By Sam Mills
Sterling continues to remain rangebound this week with marginal movements on the GBP/EUR with rates currently residing in the mid 1.11’s.
The Pound remains somewhat stagnant at present within the current political and economic landscape we currently find ourselves in.
The ongoing Brexit negotiations, as we edge ever nearer to the mid-October deadline, are still creating problems for the pound.
The pound bumped up half a percent against the euro yesterday shifting from its 1.08 levels and gradually encroached into new 1.09 territory.
Last week, sterling exchange rates took a positive turn climbing higher against the euro breaking the 1.12 barrier and reaching a 2-year high against the US dollar.
Fresh concerns around COVID-19 in the UK and Europe, and worsening economic figures coming out of the US as a result of the pandemic continue to shape the currency markets.
The UK and several EU countires are reporting better than expected economic data as countries continue to ease out of lockdown.
The latest round of Brexit discussions end today. Sterling could lose value against the euro and US dollar should the negotiations end in a stalemate.
Read this week's market report summary for the latest news affecting GBP, EUR and USD exchange rates.
With the possibility of the Coronavirus wiping off up to $9tn dollars from the global economy according to the IMF, exchange rates have been predominantly virus-driven.
Sterling continues to rebound from its losses seen against the euro on the 19th March.
The election campaigns have ended and the UK electorate head to the polls. What could the outcome be and how could this affect sterling exchange rates?
PM Boris Johnson gets his much desired general election; US Federal Reserve cuts interest rates by 25 basis points.
Market eyes PM Johnson's Brexit plans; Eurozone economic data paints bleak picture for the EU; US economic data and US China trade war.
