Pound Sterling treads water as traders await news of a Brexit deal, allowing a strong comeback in the Euro and a number of other currencies to put it on the backfoot. Latest news is an U.K.-wide backstop being mooted.
October 20,2018
The British Pound is resting near recently achieved multi-week highs against the Euro and multi-day highs against the U.S. Dollars with the market apparently adopting a wait-and-see approach to an imminent Brexit deal.
October 20,2018
The Pound erased earlier gains and slipped lower Tuesday after official data highlighted strong momentum in the economy during the summer months but revealed a slowdown in growth during August.
October 10,2018
Pound Sterling is underpriced and will probably rise between 5% and 10% as Brexit risks subside, says Mike Amey, the head of Sterling portfolios at Pimco, the largest bond fund in the world.
October 11,2018
Reports Monday concerning Brexit have given foreign exchange traders an excuse to trigger profit-taking on Sterling's recent multi-day rally.
October 8,2018
The British Pound reversed recent gains made against the Euro, U.S. Dollar and other major currencies at the start of the new week, but we believe the conditions remain in place to keep the currency supported over coming days.
October 9,2018
The Renminbi is set to fall in 2019 as President Donald Trump's trade war against China impacts on the country's balance of payments and interest rate differentials, according to analysts at Deutsche Bank.
October 5,2018
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