There remains a sizeable degree of scepticism amongst the foreign exchange analyst community as to whether the Pound can extend higher through February and in doing so keep alive a multi-month trend of appreciation.
February 1,2020
According to a note foreign exchange analyst, the British Pound is likely to remain well supported for the foreseeable future as a combination of Bank of England policy and increased Government spending provide a positive fundamental backdrop for the currency.
January 27,2020
The Pound closed the Friday session having become the second best performing major currency of the week although there could be further gains in store for the coming days if studies of the charts and the market's evolving view on the Bank of England (BoE) outlook are anything to go by.
January 27,2020
Pound Sterling crossed a key psychological and technical level against the Euro on Wednesday, January 22 after data showed confidence amongst UK businesses has increased substantially since the December General Election.
January 22,2020
The Pound-to-Euro rate slipped last week as Sterling underperformed all major rivals, although the charts suggest a neutral outlook ahead of jobs and PMI data which are due over the coming days and are key to the outlook for the British currency.
January 20,2020
Pound Sterling has moved back against a key level against the Euro, as bulls fight to keep a multi-month uptrend alive and markets question the ability of the Bank of England to deliver an interest rate cut as soon as January.
January 15,2020
It now appears that the Pound is breaking down through the trend line and this would have us suggest the uptrend is ending and the Euro has the opportunity to regain the initiative.
January 14,2020
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