The British Pound came under pressure against the Euro, Dollar and other major currencies in the wake of headlines showing the EU would seek to impose tougher financial regulations on the City of London in upcoming trade negotiations.
February 7,2020
The British Pound has been regaining its composure following a sharp slide at the start of the week, with the currency ticking back above 1.18 against the Euro and holding the support zone of 1.30 against the Dollar.
February 5,2020
The British Pound sold off sharply on the first trading day of February, with analysts citing position squaring, a reversal of positive month-end flows and political developments surrounding EU-UK trade negotiations for the move. We consider the outlook following the sharp declines.
February 4,2020
The British Pound traded with a softer tone at the start of the new week; while the currency is still holding towards the upper end of recent ranges against a host of currencies, there will be some caution heading into a major speech on EU-UK trade due to be delivered by Prime Minister Boris Johnson.
February 3,2020
The British Pound heads into month end with momentum owing to a decision by the Bank of England to keep interest rates unchanged, but analysts at a number of investment banks we follow say further strength is unlikely.
February 4,2020
The Bank of England opted to cut interest rates at their January 30 meeting which was the most uncertain meeting of recent years, with markets heading into the event viewing a 50/50 chance of a rate cut.
February 4,2020
The Pound was treading water against major rivals ahead of a knife-edge Bank of England (BoE) interest rate decision that's got analyst opinion divided on the outlook for Sterling over the coming weeks.
January 30,2020
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