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Pound Sterling tends to fall against the Euro on Bank of England days shows analysis. And today is such a day.
September 19,2024
Pound Sterling rose against the Euro and Dollar following the release of UK inflation data for August that showed a pick-up in the pace of price rises in the UK.
September 19,2024
We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.
September 16,2024
Pound Sterling has recovered against the Euro alongside improved market sentiment and we see two credible upside targets for the exchange rate.
September 13,2024
The European Central Bank (ECB) cut interest rates and showed it was in no rush to deliver the next one, a stance analysts say can underpin the Euro.
September 12,2024
Pound Sterling showed its disappointment to news the economy failed to grow in July, whereas the investment community thought it would register a 0.2% expansion.
September 12,2024
The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.
September 10,2024
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