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Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar surged after ...

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British Pound surges above $1.23 on May Brexit speech

British Pound surges above $1.23 on May Brexit speech

British Prime Minister Theresa May delivered her much-awaited speech on Brexit today. PM May didn’t give much details on the specifics of the Brexit process but she outlined the broader framework for Britain’s departure from the EU. May stated that ...

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Theresa May & Brexit Plan: Bearish Outlook For GBP/USD

Theresa May & Brexit Plan: Bearish Outlook For GBP/USD

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s ...

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Gold Price Hits 8-Week High as Trump ‘Shocks’ Nato, UK ‘Threatens’ EU

Gold Price Hits 8-Week High as Trump ‘Shocks’ Nato, UK ‘Threatens’ EU

Gold prices jumped near 8-week highs in wholesale bullion trade Monday as weekend comments from US president-elect Donald Trump about the Nato military alliance caused shock in European capitals, and German politicians rebuked UK threats to slash corporate tax rates if ...

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Sterling drops on reports May will opt for ‘hard’ Brexit

Sterling drops on reports May will opt for ‘hard’ Brexit

The pound fell sharply during Monday’s Asian trading as the market waited nervously for a key speech by British Prime Minister Theresa May on Brexit later this week.  According to press reports, the UK would aim to abandon the EU’s ...

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Forex Week Ahead: China GDP, ECB meeting and May’s Brexit speech

Forex Week Ahead: China GDP, ECB meeting and May’s Brexit speech

The coming week will be a busier one for financial markets as key data releases and central bank meetings get underway. GDP figures out of China and the European Central Bank’s policy meeting will be the highlights but the biggest ...

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Dollar extends employment report gains while pound drops on ‘hard Brexit’

Dollar extends employment report gains while pound drops on ‘hard Brexit’

The US dollar managed to maintain Friday’s gains or even extend them against certain currencies during Monday’s Asian trading. Particularly against the Japanese yen the dollar climbed to around 117.50, while against the euro it traded at 1.0531. The dollar ...

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