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PMI Results: Pound Sterling Holds Advances on Euro and Dollar after Strong Beat
24 January, 2020 |
The British Pound heads into Friday's crunch flash PMI data release riding high, with the UK currency notching up gains against all the major currencies over the course of the past month. Disappointing data will see the currency come under notable pressure.
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Pound Sterling Clears Big Levels Against the Euro and Dollar as January's Turnaround Extends
23 January, 2020 |
The British Pound has extended its short-term rally over the course of the past 24 hours, and in the process broken above 1.18 in GBP/EUR and above 1.31 in GBP/USD, thanks to further signs of growing economic optimism in the UK. However, the higher Sterling goes, the further it has to fall on Friday if the highly anticipated flash PMIs disappoint.
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Pound Sterling on the Charge against Euro & Dollar after CBI Data Beats Expectations
22 January, 2020 |
The British Pound was seen gaining after the release of data out midweek that showed optimism amongst British businesses picked up sharply in the month of January, providing further evidence that January 30 might be too soon for the Bank of England to cut interest rates.
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Pound Sterling 'Cheap' says Citi, Overturns Monthly Losses vs. Euro and Dollar
22 January, 2020 |
The British Pound is now recording an advance against the Dollar and Euro for the period that covers the past month, as the weakness in the UK currency that characterised the first part of January starts to fade.
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British Pound Bid Against Euro and Dollar on Back of Better than Expected Employment Numbers
21 January, 2020 |
Pound Sterling was seen trading higher against the Euro, Dollar and a host of other major currencies on Tuesday, Jan. 21 after the release of official labour market figures that showed both a jump in employment and wages in December.
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Pound Sterling Forecasts Cut at Swiss Private Bank, but Euro seen Ending Year Higher vs. Dollar
21 January, 2020 |
The British Pound forecasts held at Swiss private bank Lombard Odier have been lowered, with analysts citing anxieties over the EU-UK trade negotiations as well as the 'dovish' shift adopted by the Bank of England.
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Javid Warning on EU-UK Divergence Prompt Sterling Weakness at Start of New Week
20 January, 2020 |
The British Pound endures a soft start to the new week, going below 1.30 against the Dollar and trending back towards 1.17 against the Euro, as markets digest latest developments concerning EU-UK trade negotiations and await a key set of economic data due out at the end of the week that should dictate as whether the Bank of England cuts interest rates or not on January 30.
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Technical Analysis: Five of the Very Many Things You Should Know
17 January, 2020 |
Exchange rates are predominantly driven by expectations for economic growth and interest rates although technical analysis is an increasingly important, but often poorly understood influence on price action, so what follows are definitions and explainers for some of the terms most frequently encountered by Pound Sterling Live.
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Retail Sales Slump Sends Pound Sterling into the Red
17 January, 2020 |
Pound Sterling was put on the backfoot Friday after the ONS reported UK retail sales slumped in December, surprising a market that had been prepared for modest growth and adding to expectations that the Bank of England would cut interest rates on January 30.
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Pound Sterling Firms on Lingering Doubts over Bank of England Rate Cut
17 January, 2020 |
The British Pound has traded with a firmer tone against the Euro, Dollar and other major currencies in the second half of the week as markets are unwilling to bet a Bank of England interest rate cut at the end of the month is certainty.
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Pound Sterling: Bank of England Rate in the Driving Seat
16 January, 2020 |
The British Pound is being tipped to remain under pressure over the near-term as foreign exchange markets sell the currency in anticipation of a January 30 interest rate cut, but some analysts are warning a rate cut is not yet a done deal.
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Pound Under Pressure after UK Inflation hits Three-Year Low and Cements Case for Bank of England Rate Cut
15 January, 2020 |
Pound Sterling's economic headache was in danger of morphing into a migraine on Wednesday after official statistics revealed a steep and surprise fall in inflation for the month of December, all but sealing the deal for a now-likely Bank of England (BoE) interest rate cut later this month.
Saunders Adds to Calls for Bank Rate Cut, Sterling Tipped to Remain Under Pressure
Bank of England MPC member Michael Saunders makes the case for an interest rate cut, and we would expect the Pound to remain under pressure in the current environment, and…
Pound Sterling: Forget Trade Talks, it's the Budget that will Deliver the Next Big Moves vs. the Euro and Dollar…
Analyst Shahab Jalinoos at Credit Suisse in Zurich says the big ticket event for the Pound in the first three months of 2020 will come in the form of the…