The British Pound is expected to lose further ground against the Euro, Dollar, Yen and Swiss Franc as long as investors remain defensive in the face of dire economic data, which is currently the case owing to a rout in oil markets.
April 29,2020
The British Pound was sold heavily against the Euro and U.S. Dollar on Tuesday amidst a fresh bout of global investor anxiety linked to concerns over the trajectory of the global economy, with a crash in oil prices being cited as the catalyst.
April 29,2020
Brexit trade negotiations have restarted and should introduce another dimension to British Pound trading over coming weeks, with one analyst saying markets should "fear" an initial July 01 deadline.
April 29,2020
Fresh warnings about the future of the Eurozone sounded by France's Emmanuel Macron have renewed the foreign exchange market's focus on the Euro, which is tipped to remain under pressure amidst renewed political uncertainty.
April 20,2020
For those looking to sell sterling and buy either dollars or euros, the past two weeks have seen their purchasing power steadily improve following what was a dire first half of March for Sterling. The recovery came as markets calmed down and investors started to believe the end to the 'coronacrisis' was in sight.
April 20,2020
The British Pound's two-week recovery rally against the Euro, Dollar and a host of other major currencies came to an abrupt halt mid-week courtesy of a sudden return of market weakness and doubts over the ability of the EU and UK to strike a trade deal.
April 20,2020
A leading foreign exchange analyst says the British Pound's two-week run of gains against a number of key currencies could be coming to an end, as investors face up to the reality of a deep economic contraction in the UK and across the globe.
April 20,2020
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