Daily & Weekly Market News

Get access to our expert daily market analyses and discover how your currency has been tracking with our exchange rate tools.

GBP steadies amid lack of Brexit headlines

GBP - British Pound

The pound has traded a narrow range against other majors over the last 24 hours. Brexit headlines and related rhetoric have lessened since the EU summit earlier in the week - parliament is winding down ahead of the Easter holidays, and so are traders. In this respect, and with a lack of data due for release today, it may be a quite finish to the week for the pound.

Key Movers

EUR/USD has pushed steadily higher over the last few trading sessions. It's now close to making a break through the 1.13 big figure, supported in part by some healthy demand for EUR/JPY in Asia.

In other news yesterday, US producer price data printed better than expected at 0.6% vs. 0.3% month on month. Jobless claims data also came in quite a lot healthier than markets were expecting. A few Fed officials spoke yesterday too, but said little to surprise the market and the dollar has ultimately remained unchanged - if anything it's slightly lower this morning.

Expected Ranges

GBP/USD: 1.3000 - 1.3100 ▼

GBP/EUR: 1.1550 - 1.1645 ▼

GBP/AUD: 1.8200 - 1.8390 ▲

GBP/NZD: 1.9340 - 1.9400 ▲

GBP/CAD: 1.7380 - 1.7510 ▲