Trader reaction to exchange rate moves

“Sell GBP/$ into the BoE meeting but 1.2850-1.2900 may be the lowest we get” - Viraj Patel, ING Bank N.V.

August 1,2017

Pound Sterling exchange rates resillient despite negative Brexit headlines

There are two reasons we believe Sterling is holding its nerve despite recent headlines regarding Brexit looking unhelpful.

July 28,2017

Pound Sterling undervalued

Pound Sterling is shown to be the most undervalued major global currency at present having been unable to recover from the steep decline following the UK’s EU referendum held in June 2016.

July 26,2017

Pound Sterling to Euro

Pound Sterling is failing to convince us that it is ready to deliver a shot of upside at present.

July 26,2017

British Pound foreign exchange rates

It is “still a bit too early to be pricing in any Brexit transitional deal hopes.”

July 25,2017

Bank of America exchange rate forecasts

It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research.

July 25,2017

Gove comments help Pound Sterling

Michael Gove - the UK’s fresh Environment Secretary - has given a firm hint that the UK will be seeking a long transition period in which to implement Brexit.

July 22,2017

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