British pound

When Brexit-related uncertainty was at its peak towards the end of last year and in early parts of 2019, the GBP/USD and other pound crosses fell sharply across the board. Yet, since the turn of the year, the GBP/USD has actually been pushing higher despite the bears throwing the kitchen sink at the beleaguered currency.

The British pound was the weakest major currency yesterday on the back of reports that there was no agreement on a customs union between Labour and Conservatives. It fell further this morning in reaction to the latest consumer inflation data.

The Brexit merry-go-round continues to turn, with today’s news highlighted by the potential for a “flextension” to Brexit negotiations...