Brexit deal prompts GBP volatility

Last week saw some major pound volatility as investors reacted to an eventful week in Brexit negotiations.

The pound opened this week trading lower again, with GBP/EUR trending narrowly around €1.1317 and GBP/USD having slumped to US$1.3340.

Sterling movement is likely to be more data driven this week due to a number of major domestic data releases, however Brexit will still remain on the minds of many investors as EU leaders vote later in the week on whether to allow negotiations to move to the second stage.

Pound fluctuates as Brexit deal finalised

It was a rollercoaster ride for the pound last week, with the currency being met by the ups and downs that came with a hectic final week of negotiation over the UK’s exit agreement with the EU.

Euro subdued after disappointing data

The euro found itself facing considerable headwinds last week as the single currency was undermined by some lacklustre economic data from across the Eurozone.

US employment data triggers USD fluctuations before Fed decision

The US dollar fail to extend its run of weekly gains last week as some negative sentiment surrounding the latest US employment data weighed on the currency.

AUD weakened by domestic data, NZD drifts on quiet week

The Australian dollar found itself tumbling last week as some disappointing data weighed heavily on the currency, while a quiet session for the New Zealand dollar left it a little directionless.