GBP rocked by Brexit, BoE and Data

Last week saw the recent volatility in the pound continue as investors reacted to some important UK data and the last developments in the Brexit process.

The pound opened this week trading lower versus the euro again, with GBP/EUR trending narrowly around €1.1340 although GBP/USD had climbed to US$1.3352.

Movement in Sterling this week is likely to be a little more subdued in the run up to the Christmas period, with the UK’s latest GDP figures and public borrowing data being the most impactful events.

Pound fluctuates as EU agrees to move forward with Brexit

It was another week of volatility for the pound last week as the UK currency was rocked by various data releases and developments related to Brexit.

Euro pressured by ECB rate outlook

The euro found much of it early gains undone last week as the European Central Bank’s (ECB) latest rate decision caused considerable weakness in the single currency.

US retreats despite Fed raising interest rates

The US dollar suffered a considerable setback last week as investors were disheartened by the Federal Reserve’s more cautious outlook for 2018.

AUD lifted by labour report, NZD investors welcome new RBNZ governor

The Australian dollar and New Zealand dollar both strengthened last week on the back of the weakness in the US dollar and some upbeat domestic news.