The probability of the UK remaining in the EU has now doubled to 40%, the highest it has been since the referendum, say analysts at investment bank JP Morgan, offering a fundamental view that supports the formation of a technical floor we see forming under the Pound.
December 7,2018
The Pound will have to endure a volatile December that could yet result in punishing losses if things go the wrong way for the government but the overall risk for Sterling is now tilting toward the upside, according to RBC Capital Markets.
December 7,2018
Pound Sterling could be protected from significant weakness over coming days and weeks on moves by parliamentarians to prevent a 'no deal' Brexit taking place in March 2019, however we expect the currency to maintain a soft undertone ahead of the key December 11 Brexit vote.
December 6,2018
Bank of England policy makers have stood by analysis suggesting the British Pound is at risk of losing substantial ground in the event of a disruptive 'no deal' Brexit taking place in 2019.
December 4,2018
The Pound is beset by chronic uncertainty with investors unsure of what will come following the anticipated defeat of the Brexit deal with the UK's most senior Brexit minister Stephen Barclay saying there is no plan in place if the government fails to pass the bill.
December 5,2018
Pound Sterling is seen under heavy selling pressure at the start of the new week amidst with traders shedding exposure to the currency ahead of the December 11 Brexit deal vote in the House of Commons.
December 3,2018
The Pound underperformed rivals Monday even after November's IHS Markit manufacturing PMI surprised on the upside, as concerns about the latest developments in the Brexit saga weighed on the British currency.
December 3,2018
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