The British Pound fell against the Euro, Dollar and other major currencies on Tuesday, June 20 following the release of a speech by Governor of the Bank of England Mark Carney.
The Euro to Pound exchange rate has rolled at the range highs amidst a bearish consensus that the pair will go lower in the near-term.
Sterling rallied on Monday morning on the day of the start of Brexit talks.
The Pound has steadied against the Euro despite the lack of certainty in British politics, perhaps more due to traders taking profit from their short-bets than due to any genuine buying interest.
UK Retail Sales, out this morning will show the state of high street spending and provide and insight into the UK economy
The Pound to Euro is in a short-term downtrend on the four-hour chart, which has the potential to extend lower.
Whatever the end result in Thursday’s general election the economy won’t change, only the personnel running the country.
The Pound to Dollar sank following exit polls showing a leaderless country.
The June 8 general election has changed from being a sure thing to a tight finish for Theresa May.
GBP/EUR is set to have a potentially volatile week with two major market moving events both on Thursday, June 8.
At the start of the new trading week, the consensus is that both the Pound and the Euro are susceptible to trading more softly over the next five days.
The Euro continues to make up ‘lost’ ground against most currencies as investors see an improving economic scenario and stronger political stability as providing a more attractive investment proposition.
GBP/EUR was falling to the floor of a box-like range it has been oscillating within for months between 1.15 and 1.20, however, today's retail sales results have led to a substantial recovery in the pair.
GBP/EUR has been moving in a sideways range over the last few weeks leaving market participants wondering where next?
GBP/EUR has been moving sideways in a range since the start of May, leaving market participants wondering where next for the pair?
The Pound has been falling against both the Euro and the Dollar on the morning after the Bank of England (BOE) rate meeting and the release of the BOE quarterly inflation report.
The Bank of England (BOE) voted 7-1 to keep policy unchanged at their rate meeting today with only Kristin Forbes wanting to raise rates and the quarterly Inflation Report meanwhile shows a downgrade to growth forecasts for 2017. But, analysts warn against writing off the Pound's chances of recovering its losses.
The Pound to Euro has been maintaining its recent trading levels as we near the release of the Bank of England (BOE) rate decision and quarterly BOE inflation report.
Steadily improving Eurozone data against a backdrop of heightened Brexit risk is likely to marginally favour the Euro over the Pound in the year ahead.
The Pound to the Euro rise was short-lived on Tuesday morning as strong Retail Sales data ended up being explained away as an Easter-effect.
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