Italian lender Unicredit have released a note saying they are closing their short trading positions on GBP/USD, in another symptom of the panic short-covering which is fuelling sterling’s rally higher.

September 7,2016

The new week kicks off with market focus turning to the release of the IHS Markit and the CIPS Services PMI.

September 6,2016

The pound surged on Thursday after Manufacturing PMI came out well above expectations in August, easily beating the 49.0 forecast, and revealing yet more underlying resilience in the UK economy post-Brexit.

September 1,2016

The rally in Pound Sterling against its major counterparts has offered welcome relief to those with outstanding international payments, but we are told not to expect the trend to continue.

September 3,2016

Mid-week trade sees Pound Sterling continue to hold recent gains but analysts warn of the potential for a break lower.

September 2,2016

Pound Sterling is in a holding pattern against its key competitors but expect further losses over coming weeks warns a prominent FX analyst.

January 26,2017