Politics to buck the British Pound over coming days

Our technical studies suggest the Pound could come under further pressure against the Euro in the short-term; while the tenor on Sterling has deteriorated from a technical perspective over recent days readers should expect significant volatility to buck the currency over coming days as the House of Commons votes on the EU-UK Brexit deal.

March 11,2019

Euro exchange rates

GBP/EUR has pulled back down onto a bed of support from the former long-term range highs at 1.1600 and if this holds, it is likely to provide a springboard for further gains.

March 7,2019

AFEX

Technical studies of the Pound-to-Euro exchange rate from foreign exchange brokers AFEX confirm the pair has turned decidedly more bullish over medium- to longer-term timeframes.

March 5,2019

British Pound strategy

The British Pound's rally against the Euro has come to an end and those watching the GBP/EUR exchange rate should be wary of a reversal says currency strategist Katherin Goretzki at UniCredit Bank in London.

March 5,2019

Pound to Euro exchange rate week ahead

Technical conditions continue to favour Pound Sterling over the Euro and we could see gains in GBP/EUR extend after the pullback seen towards the end of the previous week. However, we are wary that Prime Minister Theresa May could bring the second meaningful vote on Brexit to parliament this week.

March 3,2019

Pound sterling

The Pound has broken above a historic high, with technical studies suggesting the move opens a path to ‘green pastures’ beyond in which further gains will be much easier.

March 1,2019

Parliament

Pound Sterling has found a new ‘glass ceiling’ above which it is unlikely to rise without a new catalyst say a number of foreign exchange analysts we have heard from on a day that has seen the currency fall back from recent multi-month highs against the Euro and a host of other major currencies.

March 1,2019

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