The British Pound was seen trading higher against the Euro and U.S. Dollar ahead of the weekend, with moves looking to be technically inspired. Concerning the outlook, we are watching the responses to the Peterborough election result from the Conservative Party leadership contenders for guidance on the all-important Brexit outlook.
June 10,2019
“We remain worried about Sterling. We expect Sterling to remain under pressure ... as the upcoming Conservative Party leadership battle weighs on the currency.” - ING Bank.
June 10,2019
For foreign exchange markets, all eyes are fast turning to Boris Johnson, the current favourite to become the next UK Prime Minister, and his strategy to deliver Brexit.
June 10,2019
The Pound is now unlikely to recover its recent losses against the Euro and Dollar in 2019, according to the latest forecasts from global banking giant MUFG, and is instead expected to cede further ground to the single currency while rising by only a paltry few percent against a struggling U.S. greenback.
June 5,2019
Currency markets will be digesting a number of notable Brexit-related headlines on Thursday, May 30, involving the Labour Party's position on a second referendum and a German veto to any further extension of Brexit.
May 30,2019
The prospect of a second Brexit referendum could be about to rise sharply, this should provide Sterling with some protection against further falls based on fears that a 'no deal' Brexit on October 31 is growing.
May 30,2019
Pound Sterling stabilised Tuesday after a volatile start to the new week but the British currency is on the verge of another slide that could soon take it all the way down to January's lows, according to analysts from multiple banks.
May 29,2019
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