The Brazilian Real hit a six-month high Monday after the right-wing and pro-business candidate Jair Bolsonaro prevailed over his opponent in the final round of voting to clinch the presidency, setting the stage for a period of recovery by the currency against both the Dollar and Pound.
October 29,2018
Growth forecasts for the U.K. economy in 2019 have been upgraded by the Office for Budget Responsibility announces Chancellor Philip Hammond however Sterling will await clear progress in Brexit negotiations before pricing in the good economic news.
October 30,2018
At the time of writing the British Pound is the best performing major currency as the political anxieties that beset the currency at the start of the week fade but strategists at Citi say they are expecting ongoing political angst to weigh on the currency.
October 26,2018
The Pound-to-Euro exchange rate has pulled back lower in a classic, three-wave, correction and is now looking increasingly like it is in position to resume its previous uptrend.
October 25,2018
Pound Sterling rallied to the top of the leaderboard Tuesday as the pendulum swung back in favour of a Brexit deal being struck by year-end.
October 24,2018
"While a leadership challenge may no longer be imminent, it remains at an elevated risk, which is placing the Pound under downward pressure in the near-term." - MUFG.
October 23,2018
The British Pound is seen trading lower across the board Monday with foreign exchange investors taking exposure to Sterling off the table at the start of week strewn with political risks.
October 23,2018
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