For Sterling, focus turns to the likely outcomes of next week's key E.U. Council meeting where signs of a deal could trigger meaningful recovery in Sterling. But signs of failure could however risk putting GBP/EUR on a path to parity we are told.
October 6,2018
Pound Sterling has risen to a new 10-day high on the back of Theresa May's speech to the Conservative party conference - nothing new was delivered by May but markets were simply looking for an uneventful address to maintain their view that a Brexit deal will be delivered by November.
October 5,2018
Pound Sterling has retreated after Northern Ireland's Arlene Foster effectively rejected a rumoured compromise the U.K. is mulling for the Irish border in order to unlock deadlocked Brexit negotiations.
October 3,2018
The Euro exchange rate complex retains a soft tone owing to ongoing anxieties relating to Italy and the country's desire to run a budget that would boost its debt pile to an extent that violates European Union rules.
October 2,2018
Foreign exchange strategists with Scandanavian lender Nordea are looking to bet against the British Pound as they expect the Conservative party conference to leave Sterling weaker.
October 1,2018
GBP/EUR has rallied back up to lower channel line but faces resistance near-term, a break of resistance however opens the door to 1.1450. The Conservative party conference poses the main risk for Sterling this week
October 1,2018
The British Pound is looking to record its fifth consecutive day of gains against the Euro amidst a lull in negative Brexit headlines and increased scrutiny on Eurozone political risks but we are wary of a potential recovery in the single-currency ahead of the weekend.
September 29,2018
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