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The Pound is facing more losses and could easily see record lows before the year is out, according to strategists at Rabobank, who say the game of Deal-or-No-Deal among Tory leadership candidates and a growing risk of a general election could weigh heavily on the British currency this summer.
May 31,2019
Currency strategists at Danske Bank have told clients they see the potential for Pound Sterling to recover from current levels, saying that the abundance of uncertainty in the UK political landscape is simply no longer a justification to expect further declines.
May 30,2019
The Pound and Euro are engaged in a consolidation mode but analysts at IG say a dominant downtrend will most probably take the exchange rate lower in coming weeks.
May 30,2019
Foreign exchange strategists at Nomura - the global investment bank - say there is little likelihood of a rebound in the value of the British Pound for the foreseeable future.
May 28,2019
The Pound heads higher against the Euro at the start of the week in a rebound which could extend over coming days with EU election results suggesting there has been no political earthquake in Europe.
May 27,2019
Pound Sterling suffered a 14th consecutive daily decline against the Euro on May 23, confirming the entrenched downtrend that has been in place since May 06 continues to guide the exchange rate lower.
May 24,2019
The future of Prime Minister Theresa May is a key source of uncertainty weighing on Sterling: Her resignation would see some of that uncertainty evaporate and usher in a potential bounce in the value of Sterling.
May 23,2019
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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.
