The pound punched higher against the majority of its peers yesterday, with the currency buoyed by reports Ireland would back the UK’s plans for a post-Brexit customs union with the EU.
Sterling looks to extend these gains this morning, with GBP/EUR climbing to €1.1344, GBP/USD edging up to $1.3048, and GBP/CAD ticking up to C$1.6876, while GBP/AUD and GBP/NZD have both struck post-referendum highs this morning, hitting $1.8498 and NZ$2.0202 respectively.
Today’s session is likely to see the spotlight firmly on the US dollar as markets brace for the release of the latest US payrolls figures.

The pound fell back on Friday, with the currency being shunned by markets as the UK’s first quarter growth was unexpectedly revised lower.
Sterling appears buoyant at the start of this week’s session however, with GBP/EUR climbing to €1.1251 and GBP/USD steady at $1.3034, while both GBP/AUD and GBP/NZD edge higher, striking AU$1.8074 and NZ$1.9719 respectively. Only GBP/CAD is showing any signs of weakness this morning, with the pairing sliding to C$1.6726 after Canada and the US signed a ‘new version’ of NAFTA.
Looking ahead, the pound may extend its losses this morning as investors brace for another fall in the UK’s manufacturing PMI.

The pound trended higher against the euro yesterday as the single currency was pressured by reports that Italy’s next budget could be delayed.

Meanwhile Sterling is trading in a narrow range this morning, with GBP/EUR stable at €1.1246, GBP/USD flat at $1.3067 and GBP/CAD muted at C$1.7007, while both GBP/AUD and GBP/NZD hold steady at AU$1.8111 and NZ$1.9780 respectively.

Looking ahead, the euro will remain in focus this morning, with the publication of the Eurozone’s latest CPI figures.

The pound plummeted against all of its major peers on Friday, with markets fearing a no-deal Brexit may still be on the cards following a defiant speech by Theresa May in the wake of a disastrous Salzburg summit.
Sterling looks set to bounce back at the start of this week’s session however, with GBP/EUR climbing to €1.1159, GBP/USD advancing to $1.3112 and GBP/CAD rising to C$1.6962, while both GBP/AUD and GBP/NZD are surging, striking AU$1.8039 and NZ$1.9668 respectively.
Looking ahead Brexit is likely to continue to dominate market sentiment this week, with investors bracing for further volatility in the pound.

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Does the same apply to pensions: if you are permanently living in Portugal, should you bring your UK pensions with you?

The pound punched higher yesterday, particularly against the US dollar which suffered a dramatic fall from grace amidst easing global trade concerns.
Sterling has begun to walk back some of its gains this morning however, with GBP/EUR sliding to €1.1223, GBP/USD retreating to $1.3228 and GBP/CAD dipping to C$1.7070. Meanwhile GBP/AUD and GBP/NZD are both falling, striking AU$1.8135 and NZ$1.9762 respectively.
Looking ahead to today’s session the Eurozone’s latest PMI figures are likely to be in focus, with the euro potentially slipping if the numbers show growth in the bloc’s private sector continued to slow this month.

The pound ended up trading narrowly on Friday, with a doom-laden Brexit prognostication from Bank of England Governor Mark Carney leaving the currency at a standstill.
Sterling looks set to continue this trend at the start of this week’s session, with GBP/EUR muted at €1.1240, GBP/USD flat at $1.3081 and GBP/CAD stalling at C$1.7051, while GBP/AUD and GBP/NZD are both holding steady at AU$1.8273 and NZ$1.9950 respectively.
Looking ahead, the publication of the Eurozone’s final CPI reading for August looks set to be the only data release of note, with the euro potentially weakening if inflation is confirmed to have slowed last month.

The pound got off to a strong start this week, as the currency was sent higher once again following fresh comments from the EU’s chief negotiator Michel Barnier regarding Brexit.
Sterling appears to be consolidating these gains this morning with GBP/EUR steady at €1.1219, GBP/USD edging up to at $1.3060 and GBP/CAD stable at C$1.7188, while GBP/AUD and GBP/NZD hold at AU$1.8356 and NZ$1.9999 respectively.
Looking ahead, the release of the UK’s latest employment figures could lend further strength to the pound later this morning if domestic wage growth has risen in July in line with market expectations…