The Pound was left walking wounded following a sell-off almost as steep as that endured by the Japanese Yen this week but one speculative market participant has warned that night often feels darkest before dawn and most recently sold several other currencies in order to buy Sterling.
September 8,2022
Pound Sterling has fallen to its lowest level since 1985 against the U.S. Dollar, and is looking poor against all its major competitors.
September 7,2022
GBP selloff by no means over according to a major investment bank, despite hopes that the new government of Prime Minister Liz Truss can alter the outlook for the UK economy for the better.
September 7,2022
Foreign exchange analysts at a major European investment bank have lowered their forecasts for GBP/USD.
September 6,2022
The Pound to Dollar exchange rate sustained heavy losses last week but now risks falling further after a Russian state energy supplier announced an indefinite suspension of gas deliveries to Germany, which could weigh heavily on the Euro and other European currencies in the days ahead.
September 5,2022
Stronger than expected labour market data released out of the U.S. on Friday will keep the Dollar.
September 2,2022
As the energy crisis and the lack of government continue to take bites out of the British Pound, we are taking a look at the charts to see if they will give an idea of how far the Pound will fall.
September 2,2022
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