The pound held its ground last week, first because the UK services sector unexpectedly slowed.
Sterling goes up, up and away versus the common currency! The pound to euro interbank exchange rate soared by +3 cents this week, at one point above 1.16, its highest since May 2017.The pound wore rocket boosters this week, because it looks likely that the UK will avoid a 'No Deal' Brexit.
Sterling has weakened, as the Bank of England warned at its latest interest rate decision that "Brexit uncertainties have intensified considerably since the [BoE's] last meeting."
Sterling sinks versus the common currency! The pound to euro exchange rate fell -0.5 cents last week, to 1.1125. The pound weakened last week, as the EU offered no new concessions to sweeten the UK's draft Brexit deal.
Sterling slides versus the common currency! The pound to euro exchange rate fell by -1.5 cents last week, to 1.125. The pound weakened last week, because Parliament may vote down prime minister Theresa May's proposed deal this Tuesday, in which it's unclear if the UK will exit the EU next March with a "No Deal".
Sterling slips on a banana skin versus the euro! The pound to euro exchange rate fell by -0.5 cents last week, to 1.1250. This is because it's thought that up to 200 Conservative MPs oppose prime minister Theresa May's planned deal, in which case negotiations may go back to the drawing board!
Sterling leaps versus the common currency! The pound to euro exchange rate rose by +0.25 cents last week, to 1.1275. The pound gained last week, first because UK prime minister Theresa May reached a deal for the UK's exit from the EU.
Sterling hits stormy waters! The pound to euro exchange rate jumped as much as +1 cent last week, up to 1.1504, its highest since April 18th, though it closed at 1.1412. This is because The Sunday Times reported that Theresa May's Brexit deal is on "life support".
The pound found its get up and go last week, because The Times newspaper reported that the UK has agreed a deal for its financial services sector with the EU for after Brexit. This would greatly boost the UK's GDP outlook after its exit.
Sterling loses its balance versus the common currency! The pound to euro exchange rate fell by -1 cent last week, to 1.1250. The pound weakened last week, because of continuing Brexit uncertainty.