The Turkish Lira fell sharply Monday as markets responded to a Saturday decision by President Recep Tayyip Erdogan to fire Murat Cetinkaya, governor of the Central Bank of the Republic of Turkey (CBRT), although the currency remains at risk of dramatic losses against Pound Sterling and the Dollar in the months ahead.
July 8,2019
News that the Conservatives are resigning themselves to an Autumn General Election is yet another factor weighing down on an already under-performing British Pound ahead of the weekend.
July 7,2019
The Pound slipped to the bottom of the G10 league table Tuesday and is set to remain an underperformer into year-end, according to the latest forecasts from TD Securities, as Brexit-related chaos in Westminster is seen exacting a heavy toll on the economy and Bank of England (BoE).
July 4,2019
The British Pound was seen under selling pressure in mid-week trade after the release of data that showed the UK's dominant services sector struggled in June.
July 3,2019
The British Pound remains under pressure against the Euro, U.S. Dollar and other major currencies on Tuesday, July 02 as foreign exchange markets continue to express caution over the prospects of a disruptive Brexit and heightened prospects for a General Election before 2019 is out.
July 8,2019
UniCredit Bank - long-time optimists on Pound Sterling - have again lowered their forecasts for the currency, but not by enough to cancel their view that a recovery in the currency will still occur by year-end 2019.
July 2,2019
The British Pound had started the new week on the front-foot against its major competitors, however a disappointing data release out mid-morning has seen the gains reversed.
July 18,2019
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