Extended Brexit deadline boosts pound demand
A sense of relief swept over markets after Theresa May agreed to extend the Brexit deadline until the end of October.
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A sense of relief swept over markets after Theresa May agreed to extend the Brexit deadline until the end of October.
Yesterday’s unexpectedly improved Eurozone Sentix investor confidence index helped to shore up the euro, encouraging optimism in the economic outlook.
Brexit developments look set to provoke further volatility for GBP exchange rates over the course of the day.
EUR exchange rates are likely to come under fresh pressure this afternoon with the release of the European Central Bank’s (ECB) March meeting minutes.
A surprise uptick in March’s UK manufacturing PMI encouraged the pound to start the week on a stronger footing, trending higher across the board.
After MPs voted to reject Theresa May’s proposed withdrawal agreement once again the pound came under renewed pressure as the odds of a no-deal Brexit
After MPs failed to make any breakthrough on Brexit in Wednesday’s series of indicative votes the mood towards the pound has remained largely negative
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