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The prospect of a chaotic end to the Brexit transition period in December if Britain fails to agree a trade deal with the EU continues to overhang sterling

UK retail data support sterling, outlook remains bleak

Sterling got support today from data showing British shoppers kept increasing spending last month, taking sales further above their pre-Covid-19 levels, although the outlook for the pound remains bleak.

Business • 18 Sep 20

The pound is set for its worst week against the euro and the dollar since the middle of March due to Brexit concerns

Pound's tumble resumes, dragged down by Brexit impasse

Fears that Britain will end its post-Brexit transition period without agreeing any trading arrangements sent the pound to new five and a half month lows today, overshadowing data showing the economy recovering and news of a new trade deal with Japan.

Business • 11 Sep 20

Sterling falls against both the dollar and the euro today

Pound hits 6-week low on Brexit fears

Sterling hit a six-week low below $1.29 before bouncing back above $1.30 as Britain unveiled draft legislation for post-Brexit life.

Business • 09 Sep 20

Sterling dropped 1% to $1.3040, while it also fell heavily against the euro to a two-week low of 90.40 pence

Pound sinks as UK steps up no-deal Brexit preparations

Sterling fell sharply today, extending losses as fears grew that Britain was preparing to undercut its Brexit divorce treaty and potentially torpedo trade talks with the European Union.

Business • 08 Sep 20

Sterling falls against both the dollar and the euro as Brexit talks are plunged into crisis

Pound falls on threat to Brexit divorce deal

Sterling fell this morning against the US dollar and the euro as Brexit talks plunged into crisis following Britain's threat to override its European Union divorce deal.

Business • 07 Sep 20

Sterling is being held down by Brexit-related uncertainty and warnings from the Bank of England

Sterling set for big weekly fall against the dollar

Sterling erased some losses against the euro today, but held near recent lows versus the dollar as uncertainty around Brexit weighed on the pound, which is expected to weaken further into the end of the year.

Business • 04 Sep 20

Sterling extended its losses today on a combination of dollar strength and weak domestic factors

Sterling extends falls due to Brexit and economy woes

The pound fell today, extending its losses on a combination of dollar strength and weak domestic factors - the long-term damage to Britain's economy from the coronavirus and a lack of progress in Brexit negotiations.

Business • 03 Sep 20

Sterling fell against the US dollar today but was steady against the euro

Sterling drifts lower against the dollar

Sterling fell against a rebounding US dollar today but was steady against the euro as traders looked to speeches from several Bank of England officials for direction.

Business • 02 Sep 20

US Federal Reserve Chairman Jerome Powell is due to deliver a key speech tomorrow at the Jackson Hole retreat

Dollar, euro trade cautiously ahead of key Fed speech

The dollar and the euro traded cautiously today as investors refrained from taking risky bets a day ahead of a key speech by US Federal Reserve Chairman Jerome Powell.

Business • 26 Aug 20

Sterling was last up 0.5% at $1.3135 versus the dollar

Sterling gains, shrugs off unexpected weaker sales data

Sterling rose as the dollar slipped and investors shrugged off an unexpected drop in Britain's monthly retail sales data.

Business • 25 Aug 20

Sterling slips on euro after scant progress on talks

Sterling slipped against the euro today on lingering concerns over Brexit, after British and European Union negotiators said on Friday they had made no real progress in their latest talks on relations after December 31.

Business • 24 Aug 20

Against the euro, sterling fell 0.1% at 90.24 pence

Sterling unfazed by higher inflation

Sterling remained driven by the weaker US dollar in thin August trading, even though British inflation jumped unexpectedly last month to its highest since March.

Business • 19 Aug 20

Sterling heads towards five-month high versus dollar

The pound rose today, approaching a five-month high, driven by a weaker dollar but analysts are cautious about the outlook for the pound as a new round of Brexit talks began.

Business • 18 Aug 20

Sterling rises as dollar falls amid thin August trading

The pound rose as the dollar fell amid thin August trading, keeping most investors on the sidelines from making directional decisions on the British currency.

Business • 14 Aug 20

Brexit fears, a coronavirus-induced recession and growing debt are also holding down the pound

Sterling sinks to two-month low ahead of Brexit talks

The pound fell to a two-month low against a broadly strong euro today ahead of a new round of Brexit talks next week, but it recovered a little against a weaker dollar.

Business • 29 May 20

Sterling fell 0.2% against the dollar to $1.2481

Sterling slides, no easing of lockdown in sight

Sterling slid on Monday as Britain's death toll from the novel coronavirus increased and officials said it was too soon to talk about easing the lockdown.

Business • 20 Apr 20

As Covid-19 spreads, the pound is at its weakest in decades as investors turned to less risky currencies, such as the US dollar

Sterling drops as British firms suffer record slump

Sterling fell 1% today after a record slump among Britain's services and manufacturing firms deepened in late March as businesses and households paused activity to prevent the spread of the coronavirus.

Business • 03 Apr 20

Sterling climbs off more than three-decade lows against the greenback

Sterling climbs off 1985 lows as markets rebound

Sterling rebounded against the US dollar and euro amid a tentative rally in global markets today, climbing off more than three-decade lows against the greenback.

Business • 20 Mar 20

Sterling has been one of several currencies to tank as investors rush to put their money in US dollars

Pound jumps after Bank of England rate cut

The pound rallied to the day's highs today after the Bank of England cut interest rates to 0.1% and ramped up its bond-buying programme.

Business • 19 Mar 20

Sterling fell against the euro this morning but stayed steady against the dollar after the Bank of England surprise move

Sterling recovers against euro after UK rate cut

Sterling fell against the euro this morning before regaining ground after the Bank of England cut interest rates by 50 basis points to 0.25%.

Business • 11 Mar 20

Sterling managed to recover some ground today

Sterling rises as Bank of England and EU talks in focus

Sterling rose against the dollar and the euro today as the UK's fractious trade talks with the EU and expectations of rate cuts to counter coronavirus damage kept the currency near recent four and a half month lows.

Business • 03 Mar 20

Sterling drops to a four and a half month low against the euro today

Sterling under pressure as Brexit talks begin

Sterling came under renewed pressure today, dropping to a four and a half month low against the euro, as traders took a cautious view at the start of talks between Britain and the European Union on their future relationship after Brexit.

Business • 02 Mar 20

Investors are pricing in looser financial conditions under Britain's new finance minister

Sterling keeps gains amid more spending expectations

Sterling remained above $1.30 today as investors priced in looser financial conditions under Britain's new finance minister.

Business • 17 Feb 20

Traders have the view that the new British finance minister will unveil a more expansionary budget next month

Pound consolidates gains after change of UK minister

Sterling held on to its recents gains today as traders stuck with the view that the new British finance minister would unveil a more expansionary budget next month.

Business • 14 Feb 20

Mr Javid said that 'no self-respecting minister' could accept the conditions being imposed on him

Sterling jumps after UK finance minister resigns

The pound extended gains today after the resignation of British finance minister Sajid Javid, as investors bet that his replacement would pave the way for a more expansionary budget next month.

Business • 13 Feb 20