The Pound fell against the Yuan Tuesday as the Chinese currency strengthened against the world's majors following an intervention by People's Bank of China (PBOC) officials geared toward placating markets over recent losses for offshore exchange rates, although analysts are still warning of further weakness ahead.
July 3,2018
The Pound rose against the Dollar and Euro Tuesday after the latest IHS Markit PMI showed the UK's beleaguered construction industry turning a corner in June, with the index of activity in the sector rising at its fastest pace for eight months.
July 3,2018
Pantheon Macroeconomics says Theresa May will ultimately fold the UK into a soft Brexit which will lead to a sizeable investment surge which will drive the British Pound above 1.25 against the Euro and towards 1.40 against the US Dollar.
July 3,2018
The Pound advanced against the Dollar and pared deep losses against the Euro ahead of the weekend after Office for National Statistics data upgraded its quarter-one GDP numbers.
June 29,2018
Ahead of the EU summit, starting today in Brussels, foreign exchange strategist Viraj Patel warns the British Pound is looking particularly vulnerable.
June 28,2018
"We can’t recall a period when the sentiment and news flow has been so consistently negative and our sense here is that a lot of bad news is now in the price" - Derek Halpenny, MUFG.
June 28,2018
Global foreign exchange markets have just endured a notable flip in trader sentiment according to CFTC with the Pound now forming a net bearish bet, and the Dollar a net bullish bet.
June 25,2018
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