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Pound Sterling Live: Barnier, Varadkar Comments on Irish Border Triggers Recovery
18 July, 2019 |
Finally, some relief for the British Pound which is rallying against the Euro, Dollar and a host of other currencies as some potentially positive comments from the European Union's Chief Brexit negotiator come through.
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Pound Sterling to Fall Another 10-15% Against Euro & Dollar Once New Prime Minister is Installed: Royal London's Greetham
18 July, 2019 |
Should the tough rhetoric of the Conservative Party's leadership campaign actually translate into a 'no deal' Brexit, then Sterling could slump another 10-15% says a leading fund manager at the UK's largest mutual insurer.
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British Pound: Renewed Talk of General Election adds Fresh Downside Pressures vs. Euro and Dollar
17 July, 2019 |
The British Pound remains fragile in mid-week trade with foreign exchange markets digesting the latest political headlines that suggest a General Election is being considered by Boris Johnson, who is likely to replace Prime Minister Theresa May new Tuesday.
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Solid Wage Growth Fails to Support Sterling amid Gloomy BoE Outlook
16 July, 2019 |
The Pound hit the ropes again Tuesday as the market responded to official employment figures for the month of May, with subsequent price action suggesting investors have all but given hope of seeing the Bank of England (BoE) lift its interest rate anytime soon.
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Sterling in Sharp Slump on Johnson and Hunt Irish Backstop Rejection
16 July, 2019 |
Today's wage numbers should be an all-out positive for Sterling, but instead we see the Pound-Euro exchange rate hitting a fresh seven-month low while the Pound-Dollar exchange rate is hitting fresh two-year lows.
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British Pound Can Fall Another 4%: MUFG
15 July, 2019 |
The Pound was bottom of the developed world barrel for July this last week but is in danger of a further four percent decline over the coming months if the outcome of the ongoing Conservative Party leadership election leads to adverse Brexit headlines, according to analysts at MUFG.
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Vlieghe: Interest Rates Could hit 0% or Go Higher to Defend Pound Sterling in 'No Deal' Brexit Outcome
12 July, 2019 |
The Bank of England continued prepare the UK for a potential interest rate cut on Friday, July 12, with Monetary Policy Committee member Gertjan Vlieghe saying Threadneedle Street could potentially cut interest rates to boost demand if Britain faces repeatedly extended Brexit deadlines and a slowing global economy.
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British Pound Puts in Gains, but Tenreyro Adds to Rate Cut Expectations
11 July, 2019 |
Comments from Bank of England MPC member Tenreyro add to expectations for an interest rate cut, which should weigh on Sterling going forward.
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Pound Sterling Live: GDP Numbers Aid Shallow Recovery
10 July, 2019 |
The release of GDP and other economic data mid-week are being tipped as a potential catalyst for a short-term relief rally in Pound Sterling.
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British Pound Sell-Off Breaks Key Levels
09 July, 2019 |
The British Pound has come under more concerted selling pressure in the London session on Tuesday with a fall below 1.25 against the U.S. Dollar looking to be a catalyst to the broader sell off in the Sterling family.
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Pound Treads Near Multi-Month Lows vs. Euro and Dollar Amidst Fresh Political Intrigue
08 July, 2019 |
The British Pound is trading towards the lower end of multi-month ranges against both the Euro and U.S. Dollar as a new week of trade that should be dominated by ongoing political intrigue commences.
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Turkish Lira at Risk of Dramatic Losses again as Fears Over Central Bank Independence Resurface
08 July, 2019 |
The Turkish Lira fell sharply Monday as markets responded to a Saturday decision by President Recep Tayyip Erdogan to fire Murat Cetinkaya, governor of the Central Bank of the Republic of Turkey (CBRT), although the currency remains at risk of dramatic losses against Pound Sterling and the Dollar in the months ahead.
Pound Sterling Forecast: Talk of October Snap General Election Poses Further Downside
News that the Conservatives are resigning themselves to an Autumn General Election is yet another factor weighing down on an already under-performing British Pound ahead of the weekend.
Pound Sterling to Lag Euro into Year-end as Brexit Gridlock Weighs, but Gains vs. Dollar Possible says Investment Bank
The Pound slipped to the bottom of the G10 league table Tuesday and is set to remain an underperformer into year-end, according to the latest forecasts from TD Securities, as…