The market is neutrally positioned on the Pound following weeks of selling pressure, meaning the risk of a further sizeable decline driven by repositioning is greatly reduced.
October 6,2023
Financial services firm Ebury expects the Bank of England to raise interest rates again before year-end and expects the move to improve the British Pound's prospects against the Euro and Dollar.
October 5,2023
There was a small, albeit clear, rise in the value of the Pound against the Euro and Dollar following the announcement of a sizeable upgrade to the UK's PMIs for September, which suggests the economy did not fare as poorly as previously thought.
October 4,2023
The British Pound can recover against the Euro as Germany's economic growth outlook deteriorates, but further losses against the Dollar can be expected.
October 4,2023
The British Pound is tipped to struggle against the Euro over the course of October as a hangover from a rough September extends, but weakness will likely remain limited as the Eurozone and UK economies are unlikely to diverge.
October 3,2023
GBPEUR fights to hold 1.15, short-term rebound potential ahead of month-end.
September 28,2023
The currency research and strategy team at Goldman Sachs have slashed their forecasts for the Pound as they announced they have "officially shifted back to Sterling bears".
September 26,2023
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