Foreign exchange strategists at global investment bank TD Securities have suggested the Pound-to-Euro exchange rate could well break out of a key medium-term range should a Brexit deal be announced over coming days ensuring the hard 'no deal' Brexit scenario is overcome.
October 13,2018
The British Pound has enjoyed a winning streak that has seen it rise in 10 of the past 12 trading days: momentum is positive and we are told by a number of technical strategists that further gains are likely in the coming days.
October 10,2018
GBP/EUR surges back into long-term rising channel and technical studies suggest it is poised to extend gains after reports a Brexit deal is close at hand. The E.C.B and an E.U. summit that will focus heavily on Brexit will dominate the calendar.
October 8,2018
The Euro-to-Pound exchange rate broke below a key support level this week due to a mixture of Pound strength and Euro weakness.
October 8,2018
For Sterling, focus turns to the likely outcomes of next week's key E.U. Council meeting where signs of a deal could trigger meaningful recovery in Sterling. But signs of failure could however risk putting GBP/EUR on a path to parity we are told.
October 6,2018
Pound Sterling has risen to a new 10-day high on the back of Theresa May's speech to the Conservative party conference - nothing new was delivered by May but markets were simply looking for an uneventful address to maintain their view that a Brexit deal will be delivered by November.
October 5,2018
Pound Sterling has retreated after Northern Ireland's Arlene Foster effectively rejected a rumoured compromise the U.K. is mulling for the Irish border in order to unlock deadlocked Brexit negotiations.
October 3,2018
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