The British Pound rose by over a percent against the U.S Dollar and half a percent against the Euro at the start of the new week amidst a broad-based improvement in investor risk sentiment that swept global stock markets, commodities and risk-on currencies higher. However, concerns about negative interest rates at the Bank of England were raised by Andy Haldane over the weekend, and this could well limit upside impetus.
May 20,2020
The British Pound extended losses against the Euro, Dollar and other major currencies ahead of the weekend following confirmation that the EU and UK are at a deadlock in trade negotiations.
May 20,2020
The Pound is currently being driven by a combination of factors: 1) global market sentiment 2) Bank of England policy and 3) Brexit trade negotiations; all of which are proving unsupportive at present.
May 20,2020
The British Pound is forecast to maintain a subdued tone on foreign exchange markets that could see short-term trends of depreciation against the Euro and Dollar extend, with one investment bank saying they are expecting further losses on a combination of factors.
May 14,2020
The British Pound is now the worst-performing major currency of the past day, week and month according to our data, as multiple pressures start to build on the UK currency in the form of trade negotiation uncertainty, Bank of England policy and the country's slow exit from lockdown.
May 13,2020
The British Pound turned lower in London morning trade amidst a broadly softer global market place and comments from a senior Bank of England policy maker.
May 12,2020
The British Pound is looking to stabilise on Tuesday having dipped at the start of the week in sympathy with a decline in global stock markets, price action that confirms that the broader market sentiment remains in control of the UK currency.
May 12,2020
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