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The British Pound was seen consolidating recent losses against the Euro, U.S. Dollar and other major currencies in mid-week trade after the latest YouGov poll steadied sliding expectations for a Conservative majority at the looming General Election. With Sterling trading in response to shifting expectations for the outcome of the December 12 General Election, today's key event could well be the release of a detailed seat-by-seat prediction that in 2017 accurately called the final outcome of the vote.
November 27,2019
The Pound-to-Euro rate was clobbered in the final session of last week after an IHS Markit PMI survey pointed to another economic contraction in the final quarter, although technical analysts at Commerzbank say the nascent correction lower could continue in the days ahead.
November 24,2019
Pound Sterling's multi-week advance against the Euro could be in the process of reversing in the short-term according to the latest studies of the EUR/GBP charts conducted by one of the industry's leading technical analysts.
November 21,2019
Foreign exchange analysts at global investment bank Morgan Stanley are tipping the Pound to make further headway against the Euro in the early part of 2020.
November 19,2019
The Pound-to-Euro rate is likely to build on last week's gains in the coming days, according to technical analysts at J.P. Morgan and Commerzbank, who say the charts favour a continued push higher although many others expect movements in the election polls to remain the dominant driver of price action.
November 18,2019
Foreign exchange strategists at RBC Capital Markets warn the British Pound is looking overbought at present, and that the currency could be sent lower should the UK electorate surprise and opt to not deliver a Conservative majority government.
November 27,2019
Pound Sterling continues to swing to the tune of the polls, with the UK currency catching a bid over the past 24 hours after a new poll showed the Conservative Party of Boris Johnson have pulled ahead against their closest rivals, Labour.
November 13,2019
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