Challenges to Theresa May seen fading

There is the real chance Pound Sterling might recover this week if markets see the challenge to Theresa May’s leadership fading as one analyst tells us the removal of Boris Johnson from cabinet would be seen as providing further upside impetus.

October 11,2017

Theresa May

Key figures in the Conservative Party have rallied behind UK Prime Minister Theresa May over the weekend and this leads us to suggest Sterling might enjoy a positive start to the coming week.

October 8,2017

employment data british pound 1

Sterling is likely to rise, according to research from Bank of America Merill Lynch, which argues low unemployment is behind central bank's hawkishness more than inflation. 

October 6,2017

Conservative party

Pound Sterling is set to end the first week of October on a dour note as political uncertainty in the UK escalates.

October 7,2017

HSBC exchange rates

HSBC Bank have long been negative on the British Pound’s prospects, and in early October they are showing no letup in their negative stance.

October 6,2017

Trader exchange rates

We are seeing a sudden drop in the value of the Pound at the time of writing with Sterling breaking below key levels against both the Dollar and Euro.

October 5,2017

A miss against expectations Wednesday would likely mean another deterioration in the narrative around the UK economy and Sterling

October 4,2017

Page 280 of 412

Theme: GKNEWS