Today's wage numbers should be an all-out positive for Sterling, but instead we see the Pound-Euro exchange rate hitting a fresh seven-month low while the Pound-Dollar exchange rate is hitting fresh two-year lows.
July 18,2019
The Pound was bottom of the developed world barrel for July this last week but is in danger of a further four percent decline over the coming months if the outcome of the ongoing Conservative Party leadership election leads to adverse Brexit headlines, according to analysts at MUFG.
July 15,2019
The Bank of England continued prepare the UK for a potential interest rate cut on Friday, July 12, with Monetary Policy Committee member Gertjan Vlieghe saying Threadneedle Street could potentially cut interest rates to boost demand if Britain faces repeatedly extended Brexit deadlines and a slowing global economy.
July 12,2019
Comments from Bank of England MPC member Tenreyro add to expectations for an interest rate cut, which should weigh on Sterling going forward.
July 11,2019
The release of GDP and other economic data mid-week are being tipped as a potential catalyst for a short-term relief rally in Pound Sterling.
July 10,2019
The British Pound has come under more concerted selling pressure in the London session on Tuesday with a fall below 1.25 against the U.S. Dollar looking to be a catalyst to the broader sell off in the Sterling family.
July 10,2019
The British Pound is trading towards the lower end of multi-month ranges against both the Euro and U.S. Dollar as a new week of trade that should be dominated by ongoing political intrigue commences.
July 8,2019
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