Citi Pound Sterling forecast

Pound Sterling is forecast to maintain current levels against the Euro and U.S. Dollar over coming months but the risks of a more sizeable depreciation are growing warns the world's largest dealer of foreign exchange.

November 28,2018

Brexit deal signed off by European leaders

From a technical perspective we are now at the key 1.1300 level where substantial resistance is located, and it could present the exchange rate with a 'glass ceiling’ that Sterling will struggle to break above.

November 25,2018

Pound to euro exchange rate today

The Pound rallied sharply against the Euro on the release of a Political Declaration on future trade negotiations between the E.U. and U.K., but we are warned GBP/EUR will likely remain vulnerable to further weakness.

November 24,2018

A new general election is needed

The Pound-to-Euro rate could fall sharply during the weeks ahead as investors realise that Prime Minister Theresa May's Brexit plan is doomed and a new general election is unavoidable, according to Nordea Markets.

November 20,2018

British Pound vs. Euro week ahead

GBP/EUR has now once again broken out of it's long term rising channel - the same channel it only recently clawed back into the week before last; this is a bearish sign for the pair.

November 18,2018

10 Downing Street braces for a vote of confidence

Sterling could suffer significant downside if Theresa May loses an imminent vote of confidence we are told by a foreign exchange strategist.

November 17,2018

The Pound-to-Euro rate plummeted Thursday after the Prime Minister's Brexit Secretary resigned from office, leading markets to fret that the risk of a "no deal Brexit" is rising rapidly. 

November 15,2018

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