Pound Sterling has fallen below the 1.13 marker ahead of the weekend with the currency looking set to record a 4.0% decline for the month; this makes for the largest monthly drop against the Euro in two years and we are told further declines are likely.
June 3,2019
The British Pound remains caught in a downtrend against the Euro, and based on technical studies and the overarching political backdrop, we would expect downside pressures to remain in charge for the forseeable future.
June 2,2019
The Pound is facing more losses and could easily see record lows before the year is out, according to strategists at Rabobank, who say the game of Deal-or-No-Deal among Tory leadership candidates and a growing risk of a general election could weigh heavily on the British currency this summer.
May 31,2019
Currency strategists at Danske Bank have told clients they see the potential for Pound Sterling to recover from current levels, saying that the abundance of uncertainty in the UK political landscape is simply no longer a justification to expect further declines.
May 30,2019
The Pound and Euro are engaged in a consolidation mode but analysts at IG say a dominant downtrend will most probably take the exchange rate lower in coming weeks.
May 30,2019
Foreign exchange strategists at Nomura - the global investment bank - say there is little likelihood of a rebound in the value of the British Pound for the foreseeable future.
May 28,2019
The Pound heads higher against the Euro at the start of the week in a rebound which could extend over coming days with EU election results suggesting there has been no political earthquake in Europe.
May 27,2019
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