The Pound saw relatively uninspired trade on Monday. The British currency was initially weighed down by concerns that the UK and EU would not be able to make an agreement on the Irish border, but Sterling shook off concerns.
Brexit News to Influence Pound (GBP) Trade This Week
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The Pound edged higher against most major currency rivals on Monday as investors firmed on the British currency ahead of this week’s Autumn Budget.
The Pound plummeted against the majors on Monday as investors reacted to the weekend’s political news.
The Pound (GBP) advanced against the majority of its peers on Monday as the currency was supported by expectations that the Bank of England (BoE) will vote to raise interest rates later this week.
The Pound recorded small losses against the Euro and US Dollar today, following a worse-than-expected result for UK construction activity.
A summary of the changes in value of the GBP, USD, EUR, AUD, NZD and CAD over the past week.