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Pound Sterling Forecast: Morgan Stanley "Increasingly Bearish", Eye More Losses against Euro and Dollar
22 May, 2020 |
The British Pound enters the weekend almost unchanged against the Euro but 0.90% higher against the U.S. Dollar, however analysts at Wall Street investment bank Morgan Stanley say they expect further declines in the UK currency over coming days and weeks.
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"Poor Old Sterling": Why Negative Interest Rates will Trigger Further Losses in the Pound's Value against the Euro and U.S. Dollar
21 May, 2020 |
The British Pound plumbed a fresh 7-week low against the Euro and underperformed the majority of its G10 rivals after the yield paid on government debt fell below 0% for the first time in history, While expectations continue to grow that the Bank of England would soon cut interest rates to below zero.
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Pound Sterling's Tepid Recovery against Euro and Dollar Stalls Alongside Market Disappointment over Moderna Covid-19 Vaccine
20 May, 2020 |
The British Pound's stock market-inspired recovery faded heading into the mid-week session, amidst ongoing analyst expectations that any strength in the UK currency is likely to be short lived.
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Pound Sterling Recovers on Market Rebound but Analysts say More Pressures against Euro and Dollar Ahead
19 May, 2020 |
A strong rebound in global equity markets over the course of the past 24 hours has allowed the British Pound to stage a recovery against the Euro, U.S. Dollar and other major currencies, but analysts from investment banks such as Goldman Sachs, CBA and TD Securities are sceptical the recovery will last.
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Haldane Signals Prospect of Negative Interest Rates at Bank of England, Move to Cap Sterling Upside
18 May, 2020 |
The British Pound rose by over a percent against the U.S Dollar and half a percent against the Euro at the start of the new week amidst a broad-based improvement in investor risk sentiment that swept global stock markets, commodities and risk-on currencies higher. However, concerns about negative interest rates at the Bank of England were raised by Andy Haldane over the weekend, and this could well limit upside impetus.
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British Pound in 1.0% Drop News of Trade Negotiation Deadlock
15 May, 2020 |
The British Pound extended losses against the Euro, Dollar and other major currencies ahead of the weekend following confirmation that the EU and UK are at a deadlock in trade negotiations.
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Pound Sterling Retreats in Sympathy with Trump-Inspired Stock Market Losses
15 May, 2020 |
The Pound is currently being driven by a combination of factors: 1) global market sentiment 2) Bank of England policy and 3) Brexit trade negotiations; all of which are proving unsupportive at present.
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Pound Sterling a Sell at Major Swiss Bank, More Downside against both Dollar and Euro Forecast
14 May, 2020 |
The British Pound is forecast to maintain a subdued tone on foreign exchange markets that could see short-term trends of depreciation against the Euro and Dollar extend, with one investment bank saying they are expecting further losses on a combination of factors.
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Pound Sterling: Multiple Pressures Start to Build, Pointed Lower against Euro, Dollar and Other Majors
13 May, 2020 |
The British Pound is now the worst-performing major currency of the past day, week and month according to our data, as multiple pressures start to build on the UK currency in the form of trade negotiation uncertainty, Bank of England policy and the country's slow exit from lockdown.
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Broadbent's Comments on Interest Rates Sparks Pound Sterling Decline against Euro and Dollar
12 May, 2020 |
The British Pound turned lower in London morning trade amidst a broadly softer global market place and comments from a senior Bank of England policy maker.
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Pound Sterling Recovers Losses against Euro and Dollar as Stock Markets Maintain their Grip on the UK Currency
12 May, 2020 |
The British Pound is looking to stabilise on Tuesday having dipped at the start of the week in sympathy with a decline in global stock markets, price action that confirms that the broader market sentiment remains in control of the UK currency.
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Pound Sterling Outlook against Euro and Dollar Clouded by UK's Long Exit from Lockdown
11 May, 2020 |
The British Pound looks set to retain a subdued tone over coming days and weeks as the UK economy starts out on a long road back to normality relative to its global peers, with Prime Minister Boris Johnson saying on Sunday night that it would likely only be August at the earliest when most of the economy would be open again.
British Pound Upside Against Euro & Dollar Capped by Promise of Further Bank of England QE & EU's Hogan saying…
The British Pound received a boost ahead of the long weekend thanks to a Bank of England decision to keep interest rates and quantitative easing levels unchanged, however the expectation…
Pound Sterling Higher after Bank of England Keeps Quantitative Easing Levels Unchanged
The British Pound went higher on Thursday after the Bank of England opted to keep interest rates and its quantitative easing programme unchanged, a decision that might have surprised some…