Pound Sterling is seen holding a mildly bearish tone in the coming week, however we don't see the prospect of any major directional move in the currency owing to the chronic uncertainty over Brexit.
December 2,2018
Global drivers appear to be in charge of the British Pound exchange rate complex with a surge in the Euro overnight forcing the Pound-to-Euro exchange rate back down from multi-day highs.
November 29,2018
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
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
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
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
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
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