LONDON Britain's pound surged to its highest in five weeks on Monday as investors priced in a defeat for the government in its appeal against a ruling that forces it to consult parliament before formally triggering EU exit talks in March.
GBP/USD may continue to face range-bound conditions ahead of the 'Brexit' deadline as Prime Minister Theresa May pushes for a clean break from the European Union (EU), but the bearish sentiment surrounding the British Pound may subside over the ...
The British Pound weakened modestly Wednesday, giving back some of the large gains recorded Tuesday after UK Prime Minister Theresa May clarified the UK's position in its Brexit negotiations to leave the European Union.
Politics is replacing economic data as the main driver of daily moves in the British pound. In a reversal from how most developed-world currencies mainly trade, good economic news often hits the pound while bad data can boost it.