Sterling traded around $1.30 on Monday, a 5-1/2-month high, unmoved by House of Commons Speaker John Bercow's decision not to immediately allow a vote on the Brexit withdrawal deal as investors thought a no-deal exit from the EU would be averted.
Sterling firmed to a 5-1/2 month high on Monday, ceding earlier losses after the Northern Irish Democratic Unionist Party said it would not support any amendments to the Brexit deal for a customs union with the European Union.
The pound edged lower on Wednesday after an overnight fall as Brexit hung in the balance, with the British Parliament still divided on how, when or even if to engineer Britain's departure from the European Union.
The pound steadied on Wednesday after an overnight fall as Brexit hung in the balance, with the UK Parliament still divided on how, when or even if to engineer Britain's departure from the European Union.
Sterling opened lower in Asian trading on Monday after a UK parliament vote on Prime Minister Boris Johnson's Brexit withdrawal deal over the weekend was delayed.
The dollar fell sharply against the euro on Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone avoiding a recession for now.
The pound held steady on Friday ahead of Saturday's vote on the Brexit deal approved at the European Union summit.
The pound retreated on Friday morning, as relief that a Brexit deal had been agreed was replaced by doubts the proposed deal will get through the British parliament in Saturday's vote.
The U.S. dollar fell sharply against the euro and sterling on Thursday as European Union leaders unanimously backed a long-awaited Brexit deal to take Britain out of Europe on Oct. 31.
The pound weakened on Thursday after Northern Ireland's Democratic Unionist Party said it could not support a Brexit deal proposed by Prime Minister Boris Johnson and the European Union, though it traded close to a five-month high.
The U.S. dollar fell across the board on Wednesday as dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve.
Sterling swung around five-month highs on Wednesday and stocks in London cut their losses amid a blizzard of contradictory headlines about whether Britain and the European Union were on the verge of agreeing a Brexit deal.
Sterling jumped above $1.28 on Wednesday after a reporter for Irish broadcaster RTE, citing European Union sources, said the main stumbling block to a Brexit deal had been removed.
The British pound on Tuesday jumped to its highest level since mid-May against the dollar following a report that officials were close to a deal for Britain to exit the European Union.
Sterling rose on Tuesday to a five-month high against the euro after the European Union's chief Brexit negotiator said a deal with Britain over the terms of Britain's departure was still possible this week.
The U.S. dollar rose on Monday, after two days of losses, attracting safe-haven bids, as optimism waned about a trade deal between the United States and China, and investors fretted about the ongoing twists and turns on Britain's exit from the European Union.
Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from the bloc by Oct. 31.
The dollar dropped to a three-month low on Friday, as safe-haven buying eased and risk sentiment improved on optimism about U.S.-China trade negotiations as well as increased chances for an orderly British exit from the European Union.
Sterling surged on Friday as investors rushed to reprice the prospect of a last-minute Brexit deal, after the European Union gave its chief negotiator the go-ahead to re-open negotiations with London.
Irish government bonds rallied on Friday, outperforming their euro zone peers on hopes that a Brexit deal was now in sight.
Financial analytics firm Mosaic Smart Data has doubled the number of developers and quantitative analysts it employs since 2018 at its London base, where nearly 40 now crunch numbers to help banks trade foreign exchange and bonds.
A broadening rally in the British pound was cut short on Friday after European Council President Donald Tusk said Britain hasn't come up with a "realistic and workable" solution to resolve the Brexit deadlock.
The dollar slid to two-week lows on Thursday, with safe-haven demand for the currency waning as investors grew optimistic about progress towards a U.S.-China trade deal and agreement on Britain's exit from the European Union.
British 10-year government bond yields recorded their biggest one-day rise in nearly four years on Thursday after Irish Prime Minister Leo Varadkar said Brexit talks with his British counterpart Boris Johnson had been "very positive".