The British Pound has suffered an abrupt shift in fortunes as it fell from top of the leaderboard amidst a fresh injection of nerves concerning the status of ongoing Brexit talks.
May 27,2020
The British Pound advanced by over a percent against the U.S. Dollar and half a percent against the Euro as markets welcomed a bevvy of developments including rumours of progress on fishing in deadlocked EU-UK trade negotiations and a senior Bank of England policy maker quelled expectations for negative interest rates.
May 27,2020
With London markets returning to trade on Tuesday, investors will be met by a British Pound that has shown some resilience against the likes of the Euro and Dollar in their absence.
May 28,2020
The British Pound enters the weekend almost unchanged against the Euro but 0.90% higher against the U.S. Dollar, however analysts at Wall Street investment bank Morgan Stanley say they expect further declines in the UK currency over coming days and weeks.
May 28,2020
The British Pound plumbed a fresh 7-week low against the Euro and underperformed the majority of its G10 rivals after the yield paid on government debt fell below 0% for the first time in history,
While expectations continue to grow that the Bank of England would soon cut interest rates to below zero.
May 28,2020
The British Pound's stock market-inspired recovery faded heading into the mid-week session, amidst ongoing analyst expectations that any strength in the UK currency is likely to be short lived.
May 28,2020
A strong rebound in global equity markets over the course of the past 24 hours has allowed the British Pound to stage a recovery against the Euro, U.S. Dollar and other major currencies, but analysts from investment banks such as Goldman Sachs, CBA and TD Securities are sceptical the recovery will last.
May 28,2020
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