The British Pound is cheap by historical standards and the low probability of a ‘no-deal’ Brexit means the currency is likely to rise in the future, says Morgan Stanley.
January 18,2019
The Pound appeared to falter on Friday after official data revealed a steeper-than-expected fall in retail spending during December, although losses have been shallow given the latest developments in the Brexit process, which could now support the currency into the new week.
January 18,2019
Pound Sterling is on the front-foot ahead of the weekend, rising to a fresh two-month high against the Euro and Dollar as Brexit headlines continue to hit the markets in thick and fast with news that the DUP could support a customs union being the most prominent development of the past 24 hours.
January 18,2019
Sweden's political parties have agreed the formation and leadership of a new government that will end a four-month period of political uncertainty, enabling markets to return their focus to the Riksbank interest rate outlook and Brexit, which are what matter most for the Pound-to-Krona rate.
January 17,2019
The British Pound sits near the top of multi-week highs against a number of major currencies on the assumption a 'no deal' Brexit wil be avoided. However, we hear from a number of analysts that markets could be accused of being too sanguine.
January 17,2019
The Pound was trading higher against most rivals Wednesday after an earlier House of Commons vote on Prime Minister Theresa May's Brexit proposals saw the government dealt the largest parliamentary defeat on record, but the outlook for the currency is as uncertain as ever.
January 17,2019
The Pound has recovered back towards the top of recent ranges as foreign exchange markets believe Theresa May will ultimately secure the compromises required to gather a majority for her deal in the House of Commons.
January 17,2019
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