Ireland News

<h2>Pound (GBP) </h2> The Pound (GBP) held steady today as Sterling investors look ahead to Thursday’s Bank of England (BoE) policy decision. The Bank is largely expected to hold interest rates at 0.1% but following bullish comments from the BoE’s Governor Andrew Bailey – who said he was ‘more positive’ about the outlook for the UK economy – some GBP investors are feeling optimistic. With tensions between the UK and the EU erupting over the Northern Irish border and several countries suspension of Oxford’s...

<h3>Pound (GBP) </h3> The Pound (GBP) rose today on a mixture of positive news about easing Covid-19 infections, according to the NHS Track-and-Trace app and encouraging news about a UK-EU post-Brexit trade deal being on the horizon. Ireland’s Foreign Minister, Simon Coveney, said that a UK-EU trade deal could emerge in a matter of just days. As a result, UK markets are becoming more optimistic about Britain’s economic recovery going forward. <h3>Euro (EUR) </h3> The Euro (EUR) has benefited from...

<h3>Pound (GBP) </h3> The Pound (GBP) suffered today as the UK enters a crucial week in which UK-EU trade talks are expected to intensify. Nevertheless, with Prime Minister Boris Johnson both in self-isolation and maintaining a hard-line position on Brexit, GBP investors are remaining cautious. Ireland’s Foreign Minister, Simon Coveney, was also pessimistic about a post-Brexit trade agreement between the two sides, saying: ‘I think the British government understand only too well what is required for a deal this...

<h3>Pound (GBP) </h3> The Pound (GBP) rose today on renewed hopes of a post-Brexit trade deal following the weekend’s tumultuous uncertainty over US political elections. Following Democrat Joe Biden’s substantial lead on US President Donald Trump, GBP investors are now more hopeful that this could place extra pressure on UK-EU trade talks, resulting in a trade agreement. Ireland’s Minister of Foreign Affairs, Simon Coveney, said: ‘I think this will be a cause for ’pause for thought’ in No 10 to ensure...

<h2>Pound Sterling (GBP) Jumps as ‘Everything Should be Clear’ by Tonight</h2> The Pound rebounded on Wednesday afternoon as Brexit optimism buoyed the British currency after President of the European Council, Donald Tusk said that ‘everything should be clear’ by tonight. While Downing Street said there was ‘more work still to do’ and Irish leader, Leo Varadkar said there were ‘many issues’ that needed to be resolved before a deal can be reached, Sterling continued to rise against a handful of currencies....

<h2>Pound Sterling (GBP) Edges Higher as PM and Varadkar ‘See a Pathway to a Possible Deal’</h2> Sterling (GBP) was left under pressure on Thursday as data revealed that while UK GDP slumped -0.1% in August, in the three months to August the economy expanded by a better-than-expected 0.3%. Meanwhile, GBP slipped ahead of Brexit discussions between Prime Minister Boris Johnson and his Irish counterpart, Leo Varadkar. However, in the afternoon the Pound rose after the two leaders issued a statement that noted while...

<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its peers today as Prime Minister Boris Johnson headed to Europe to renegotiate the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. However, as both leaders are expected to reject the removal of the backstop, this has left many Sterling traders feeling jittery on the now increased likelihood of a no-deal Brexit on October 31. <h2>US Dollar (USD)</h2> The US Dollar has remained subdued today ahead of the...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell today following the publication of the RICS Housing Price Balance figures for July, which fell below forecast and sank to -9%. Meanwhile, no-deal Brexit fears rose as Prime Minister Boris Johnson’s main advisor, Dominic Cummings, is perceived as likely to push through Parliament to achieve Brexit on the October 31 – with or without a deal. As UK markets have been quite today, UK traders have become increasingly concerned over the deadlock between the UK and the EU,...

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors today despite increased no-deal Brexit fears. Prime Minister Boris Johnson has taken a more confrontational approach on the Irish backstop, requesting that the EU remove it from the withdrawal agreement. Mr Johnson has increasingly stated the UK would leave the EU without a deal if the Irish backstop was not removed in future negotiations on the agreement, further heightening the likelihood of a no-deal on October 31....

<h2>Pound Sterling (GBP)</h2> The Pound (GBP) gained today after Prime Minister Theresa May announced that the ‘meaningful vote’ will go ahead tomorrow, dispelling rumours that there could have been a delay to the vote due to a political stalemate between the UK and the EU over the Irish backstop. Sterling has also benefited from Theresa May engaging with the President of the European Commission, Jean-Claude Juncker, in which she will meet in Strasbourg this evening to finalise an agreement that may benefit her...