The Pound-to-Euro rate could touch 1.1300 Thursday and reach as high as 1.1450 over the coming weeks but evolving market expectations for what the Bank of England does beyond November will be key.
October 30,2017
A stronger than expected number would mean policymakers have underestimated the resilience of the economy and could add support to currently-low expectations of additional rate hikes further down the line, after November.
October 26,2017
An easing of Brexit fears, Wednesday’s GDP report and a bullish setup on the chart comes barely a week ahead of the Bank of England’s November monetary policy announcement.
October 25,2017
There are multiple factors that could help sustain the Dollar’s advance on the Pound, including the prospect for markets to revise expectations for UK interest rates lower and US rates higher.
October 24,2017
A recent slip in the value of the British Pound confirms jitters over future Bank of England interest rate settings are back in play, but there is a risk traders are being too pessimistic in their assessment.
October 25,2017
“We are closing out our long EUR/GBP trade for a profit of +1.57%. Given the subtle shift in tone for Brexit talks and the importance of next week’s ECB meeting, it makes sense to remove risk now” - Bipan Rai, CIBC Capital Markets.
October 24,2017
Sterling has rebounded following a turnaround in increasingly bleak EU talks whilst technical analysts say the charts could be showing support for further upside for the Pound - at least eventually.
October 21,2017
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