Sterling posts largest daily jump against Euro since March
3 years ago

The British pound surged against most major during trading sessions today, as speculations mounted about a near Brexit deal.


Investors' risk appetite increased today after the US and China announced they reached a partial trade agreement.


British Prime Minister Boris Johnson stated that despite a final deal with Brussels hasn't been reached yet, but progress is being made.


Johnson added that a flexible Brexit deal will benefit not only London but all parties involved.


Irish PM Leo Varadkar and Johnson have said yesterday that a deal can be reached that could allow Britain to leave the European Union in an orderly fashion.


As of 19:00 GMT, GBP/USD rose by 1.7% to $1.2659, with an intraday high of $1.2706 and a low of $1.241.


GBP/EUR also rose by 1.4% to 1.1466, with a high of 1.15 and a low of 1.127.

Forex and Currency News

AUD/USD news


Aussie is most profitable major currency after unexpected RBA decision
23 hours ago
Australian dollar rose widely on Tuesday for the fourth straight session, hitting three-week highs ...
USD/CHF news


Swiss franc hovers near two-month low following inflation data
1 day ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...
EUR/USD news


Euro declines to near two-month trough ahead of Lagarde's speech
1 day ago
Euro declined in European trade for a second session against dollar, almost hitting two-month lows ...

Forex Technical Analysis

Technical Analysis


The GBPCAD attacks the moving average – Analysis – 7-6-2023
3 hours ago
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the ...
EUR JPY Analysis


The EURJPY threats the positive stability – Analysis – 7-6-2023
3 hours ago
The EURJPY pair provided negative signal by crawling below the minor bullish channel’s ...
GBP JPY Analysis


The GBPJPY still bullish – Analysis – 7-6-2023
3 hours ago
Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that ...