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The British Pound continues its short-term recovery as markets sense the prospect of a 'no deal' is once again diminishing, and one currency analyst tells us the gains can extend.
August 28,2019
Economists at Scanadanvian financial services provider DNB Bank ASA say they believe the UK will exit the EU on October 31 without a deal, and the UK will likely fall into recession as a result.
August 27,2019
GBP/EUR has reached resistance from a trendline and pulled-back lower, but if it breaks above the 1.1080 highs that will provide confirmation of a breakout above the trendline and more upside.
August 26,2019
Pound Sterling was seen holding its gains against the Euro ahead of the weekend, with 1 GBP buying 1.1048 EUR on the inter-bank markets at the time of writing: the strongest rate of exchange in three weeks.
August 23,2019
The GBP/EUR exchange rate is holding a range just above 1.09 in the aftermath of a key meeting between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel.
August 22,2019
The Pound-to-Euro exchange rate crept towards the 1.10 barrier over the course of the past 24 hours, having gone as high as 1.0987 on Tuesday.
August 21,2019
The GBP/EUR exchange rate will be trading at around 1.0980 at the start of the new week after rising a solid 2.00% in the week before and studies of the charts suggest there is mounting evidence to support a reversal in the short-term, however, longer-term this is debatable.
August 19,2019
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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.
