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Pound Sterling: “Peak Brexit Pessimism” Has Passed and Change is Afoot for 2018 - RBS

Pound Sterling: “Peak Brexit Pessimism” Has Passed and Change is Afoot for 2018 - RBS


Volatility will remain a fact of life for foreign currency buyers in 2018 but the more positive direction of Brexit talks could support a continued recovery of the Pound.

Euro

Pound to Euro Latest

1.1386▲

0.09%

Previous Close:

1.1376

Today's High:

1.1395

Today's Low:

1.1363

US Dollar

Pound to US Dollar Latest

1.3423▲

0.26%

Previous Close:

1.3388

Today's High:

1.3428

Today's Low:

1.3387

Australian Dollar

Pound to Australian Dollar Latest

1.7821▼

-0.08%

Previous Close:

1.7836

Today's High:

1.7844

Today's Low:

1.7784

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.9382▼

-0.92%

Previous Close:

1.9562

Today's High:

1.9578

Today's Low:

1.9362

South African Rand

Pound to South African Rand Latest

18.3139▲

0.3%

Previous Close:

18.2598

Today's High:

18.3246

Today's Low:

18.2428

Canadian Dollar

Pound to Canadian Dollar Latest

1.7225▲

0.03%

Previous Close:

1.722

Today's High:

1.7233

Today's Low:

1.7187

Latest British Pound News

GBP LIVE TODAY

Deutsche Bank Turning More Optimistic on Pound Sterling, Hints at Upgrade in GBP vs. EUR R…

08 December, 2017 |

Early on Friday morning, Theresa May finally managed to broker an agreement with the Irish government, the DUP and the EU to take the UK onto the next phase of Brexit negotiations, Deutsche Bank assesses the impact on the Pound.

GBP LIVE TODAY

British Pound Outlook vs. Euro and Dollar Following Brexit Deal: Analysts are Giving their…

08 December, 2017 |

Pound Sterling is seen rising as a deal between the E.U. and U.K. over the first phase of Brexit negotiations has this morning been confirmed. We ask the analyst community where they see Sterling going from here.

GBP LIVE TODAY

Deal in the Bag: Pound Sterling Breaks Higher as Deal is Confirmed Over Breakfast in Bruss…

08 December, 2017 |

U.K. Prime Minister Theresa May has worked the phones through the night and is this morning in Brussels with Secretary of State for Exiting the European Union David Davis to seal the deal on a finalising the first round of Brexit negotiations.

GBP LIVE TODAY

Pound Sterling Surges as E.U. + U.K. Make Late Night Push for Brexit Breakthrough

07 December, 2017 |

Reports that the U.K., Ireland and the E.U. are working through the night to try and reach a breakthrough on Brexit negotiations has seen buyers rush into the Pound.

GBP/EUR: News and Forecasts

EUR

Pound Sterling: “Peak Brexit Pessimism” Has Passed and Change is Afoot for 2018 - RBS

11 December, 2017 |

Volatility will remain a fact of life for foreign currency buyers in 2018 but the more positive direction of Brexit talks could support a continued recovery of the Pound.

EUR

The Pound-to-Euro: Technical Forecasts, News, and Events in the Coming Week

10 December, 2017 |

The Pound-to-Euro is forecast to rise in the coming week as it starts to emerge from a long sideways period and the EU meets to decide whether sufficient progress has been made in Brexit talks.

EUR

Euro Breaking down Against Pound Sterling as Brexit Clarity Emerges

08 December, 2017 |

With Brexit talks set to move on, the EUR/GBP rate is poised for a slide and Sterling could go back to basics - propelled by more traditional drivers.

EUR

Strategists at Citi are Betting Pound Sterling will Fall Against the Euro Next Year

07 December, 2017 |

The world's largest foreign exchange dealer reckon the Pound-to-Euro exchange rate is pointed lower over the course of 2018.

GBP/USD: News and Forecasts

USD

US Non-Farm Payrolls Preview: Talk of an Upside Surprise

08 December, 2017 |

Today sees the release of the US Non-Farm Payrolls report which is the US Dollar's biggest single driver, with several analysts suggesting an upside surprise is possible.

USD

US Dollar in Focus as Debt Ceiling Deadline Looms

07 December, 2017 |

A government shutdown is looming in the US and, if not averted, could be costly for lawmakers. Here's a look at what it might mean for the Dollar.

USD

Pound-to-Dollar Rate @ 1.53 in 2018? It is Possible says ING's Patel

07 December, 2017 |

Pound Sterling could recover much of its Brexit-related losses against the Dollar and Euro in 2018, according to strategists at ING Group, who say recent events have marked a turning point for the currency.

USD

US Dollar Boost from Tax Reform now Unlikely say Analysts

05 December, 2017 |

Recent analysis from Deutsche Bank, amongst others, suggests one of the major drivers of currency appreciation in Trump's new tax reforms may not have the impact predicted.

EUR/USD: News and Forecasts

Euro to Dollar

EUR/USD: Turbulence Ahead as Dollar Reigns Supreme but Bullishness in order for 2018

07 December, 2017 |

Tax cuts and a debt-ceiling-debacle are lifting US yields and pressuring EUR/USD. This could continue into New Year but strategists are still bullish in their 2018 targets.

Euro to Dollar

EUR/USD Exchange Rate Eyed Towards 1.25 in 2018 say Citi

06 December, 2017 |

The Euro will outperform the US Dollar next year, supported by continued economic growth in the Eurozone whilst new US tax reforms and Federal Reserve policy will ultimately disappoint.

Euro to Dollar

"Embrace the Strong Euro" say ING, Forecast EUR/USD at 1.30 in 2018

05 December, 2017 |

A cinematic death of Eurozone breakup risk, the second leg of ECB tapering and speculation of an interest rate rise could all drive the Euro higher in 2018.

Euro to Dollar

Euro-Dollar: Technical Forecast, Data and Events to Watch in the Coming Week

03 December, 2017 |

Politics is set to dominate as Angela Merkel tries to form a coalition government in Germany, whilst Trump's leadership will come's under scrutiny in the US as he tries to push through tax reforms; the charts, meanwhile, maintain a constructive tenor.

GBP/AUD: News and Forecasts

AUD

Pound Surges to 17-month High Against Australian Dollar After “Sufficient Progress” Agreed

08 December, 2017 |

Talks on trade and transition, as well as the prospect of a "soft Brexit", could continue to support the Pound Friday.   

AUD

Australian Dollar Weakness Unlikely to be Sustained as Economy Gains Momentum - Strategist

06 December, 2017 |

The gap between Australian and US bond yields now favours the US Dollar but strategists don't expect this to cause much further headache.

AUD

The Australian Dollar's Road Lower Against the Euro Could be About to End

05 December, 2017 |

The Euro-to-Australian Dollar chart may be showing signs of peaking and momentum is rolling over, according to several analysts.

AUD

Bullish RBA Prompts Australian Dollar Higher, Markets Price in March 2019 Rate Rise

04 December, 2017 |

The Reserve Bank of Australia appears more bullish on the Australian economy but price action in US Treasuries will matter as much for the Aussie Dollar in December.

GBP/NZD: News and Forecasts

NZD

New Zealand Dollar Forecast to Recover in 2018: Citi

06 December, 2017 |

Fears that the new government will enact policies which will harm the New Zealand Dollar are over exaggerated and the currency is due a recovery in the year ahead, say analysts at Citi.

NZD

New Zealand Dollar the Cheapest G10 Currency and Will Benefit from China's Economic Re-bal…

04 December, 2017 |

China's pivot away from investment-driven growth will be good for currencies of countries that export consumption goods to the world's second largest economy.

NZD

Pound-to-New Zealand Dollar Rate: Technical Forecast, Data and Events for the Coming Week

03 December, 2017 |

The New Zealand Dollar has weakened substantially in recent weeks and although some analysts are questioning whether it fall any lower the charts are showing a strong uptrend which keeps rallying to new highs.

NZD

New Zealand Dollar to Recover Against Euro in 2018 say RBC Capital

01 December, 2017 |

Traders should sell the Euro against the New Zealand Dollar, according to strategists at RBC Capital Markets, as recent events mean each currency is mispriced and the tables could turn in 2018.

GBP/CAD: News and Forecasts

CAD

Canadian Dollar Slides as Bank of Canada Stands Pat and Leaves Markets Guessing on Next Ra…

06 December, 2017 |

Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.

CAD

Canadian Dollar Stars in Currency Portfolio Which Returns 6.6% Annualised

05 December, 2017 |

The Canadian Dollar has been the strongest G10 currency versus the US Dollar in 2017 and major currency portfolio holders Westpac are continuing to bet on its rise.

CAD

Pound-to-Canadian Dollar Rate: Technical Forecast, Data and Events to Watch in the Coming …

03 December, 2017 |

The Canadian Dollar will mainly be impacted by the Canadian Central Bank meeting in the week ahead, whilst the Pound will take its cue from the politics of Brexit; the charts are signalling a turnaround.

CAD

Canadian Dollar Surges After Economy Roars Back to Life - Drowning out the Doubters

01 December, 2017 |

Friday’s data comes amid increased uncertainty for the Canadian economy and the Dollar. Higher rates, slower growth and NAFTA risk are all in focus.

GBP/ZAR: News and Forecasts

ZAR

South African Rand's Recovery vs. Euro and Pound Seen Stalling into Year-End

07 December, 2017 |

The Rand won a stay of execution in November and, with the winds of political change blowing, newfound stability should prevail in December. 

ZAR

South African Rand Forecast to Struggle in 2018 say ING, Forecasts Show Pound Could Break …

05 December, 2017 |

Political and budget challenges could mean 2018 is another tough year for the Rand which could allow GBP/ZAR to break above 20.00.

ZAR

Pound vs. South African Rand's Rally Higher Stalls, All Eyes on ANC's Ramaphosa

04 December, 2017 |

A leadership struggle in South Africa could impact on the Rand, whilst the Pound will probably take its cue from Brexit politics; meanwhile, indications from GBP/ZAR price charts are, sadly, contradictory.

ZAR

South African Rand Rally is Overdone says Strategist as Ratings News "Remains Dire…

28 November, 2017 |

Strange but true: the Rand is strengthening, yet what could be propelling it higher and will it last?