Pound Sterling is trading at around €1.1138 at the start of the new week, after recoding its ninth consecutive weeks of declines in the week prior. Studies of the charts suggest the pair will probably go sideways over coming days but owing to the overriding negative trend it will come as little surprise to readers to hear that the risks remain skewed to the downside.
July 7,2019
The British Pound is down against the majority of major currencies this week, as a multi-week sell-off extended amidst a combination of political uncertainty and deteriorating economic data.
July 5,2019
Foreign exchange analysts are today mulling over the potential implications of future Eurozone monetary policy - and direction of the Euro - in the wake of the surprise news Christine Lagarde will likely replace European Central Bank President Mario Draghi on November 01.
July 3,2019
There was a strong start for the British Pound on Monday, July 1 with the UK currency briefly jumping back above 1.12.
July 1,2019
Pound Sterling is predicted to maintain its ongoing trend of weakness against the Euro in the first week of June.
July 1,2019
The Pound is set to recover all of its recent losses to the Euro over the summer months, according to the latest forecasts from Capital Economics, although the Pound-to-Euro rate increase is expected to result from weakness in the European single currency rather than a universal recovery by the British unit.
June 28,2019
The British Pound could well succumb to its lowest-ever levels against the Euro before 2019 is out warns a leading foreign exchange analyst we follow, however analysis of the foreign exchange futures market suggests investors are not yet overly concerned that a 'no deal' Brexit will take place in 2019.
June 27,2019
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