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Based on the look-and-feel of the charts that the exchange rate is moving towards the bottom of this longer-term channel, but much will depend on the outcome of this week's release of UK employment and wage numbers.
May 13,2018
One of the City of London's most noted foreign exchange analysts has once again raised the spectre of the Pound and Euro equalising in value over the long-term.
May 11,2018
A breakdown in the broader Euro exchange rate complex is sucking a host of other EUR pairs into its vortex, EUR/GBP included. This has allowed a struggling Sterling some respite ahead of a key make-or-break Bank of England event later in the week.
May 9,2018
Financial markets are reopening to a significant new week, especially for the Pound, as the Bank of England meets to set interest rates.
May 7,2018
Doubts about the Euro's ability to fend off the Dollar are growing, and expectations for a softer single-currency could just allow an under-fire British Pound a reprieve, in the short-term at least.
May 5,2018
Disappointment with the economy's rate of growth impacted negatively on Sterling in the week before.
April 29,2018
Economic growth data may prove market-moving for the British Pound ahead of the weekend as it will cement expectations as to whether or not a May interest rate rise is on.
April 28,2018
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
