Pimco, the largest bond fund in the world, has started buying more Pounds, according to Geraldine Sundstrom, managing director and portfolio manager at the fund.
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Studies of the GBP/EUR charts show the pair has reached a ‘glass ceiling’ that has applied the brakes to a multi-week rally and further upside is subject to a break of this resistance.
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It is reported that France's President Emmanuel Macron is looking to extend the Brexit deadline to November 15, thereby rejecting the request from the UK Parliament for a deadline to be extended to…
Read more … →A General Election is said to be an "even more concerning development" than Hard Brexit by de Vere Group's Nigel Green, as the Pound could see a significant sell-off under a Jeremy Corbyn win, whil…
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Pound Sterling faces another volatile week ahead, with focus on the UK Parliament where MPs will once again look to vote on a Brexit deal, the passing of which will almost certainly allow the currenc…
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From a purely technical and quantitative point-of-view, the charts are showing signs of a bias to a positive outcome to negotiations and for the Pound to make more gains in the short-term.
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The Pound-to-Euro exchange rate has jumped 1.25% today to record its highest level since May, on headlines that EU and UK negotiators are closing in on a legal text that will pave the way for EU le…
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