The 'high beta' British Pound advanced at the start of the new week before suffering some overnight jitters after U.S. economic advisor Peter Navarro surprised markets by saying the U.S.-China trade deal was effectively over.
June 23,2020
The Pound ceded ground to all major rivals last week but has been left resting on a major technical support level that could break its fall against the Euro over the coming days, although Sterling still risks underperformance more generally.
June 22,2020
The Euro exchange rate complex will be prone to volatility on the outcome of today's European Council meeting that will see EU leaders gather to discuss the details of the proposed €750bn coronacrisis recovery fund.
June 19,2020
The British Pound has turned lower against the Euro heading into the mid-week session as global stock markets turn red amidst renewed fears of another covid-19 outbreak and as relief on the Brexit trade negotiation front lost its lustre.
June 17,2020
The Pound-to-Euro rate returned to June lows last week but is tipped by multiple analysts remain under pressure in what ocould be a volatile week for both Sterling and the single currency.
June 15,2020
The Pound drew a line under a hat-trick of losses last week and could recover more lost ground over the coming days although analyst commentary suggests that any upside will be limited and also short-lived.
June 7,2020
The Euro was bid higher following today’s meeting of the Governing Council of the ECB, which saw the central bank boost its support package for the covid-19 pandemic by €600BN.
June 4,2020
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