We are witnessing consolidation in the British Pound despite talk of a vote of no confidence in Prime Minister Theresa May suggesting a hard floor might be forming under the currency.
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- May to make statement to parliament at 15:30 GMT - Sterling dips on news Brexit vote in parliament is off - ECJ rules UK can stay in European Union - ECJ Ruling to weaponise stance of remain-lean…
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The British Pound is liable to suffer further losses against the Euro over coming days according to our latest studies of the charts while all eyes turn to parliament on Tuesday for a key Brexit vo…
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Despite the day-to-day volatility seen in the British Pound we are reminded to take a step back and remember the UK currency is actually tracking a well-worn path against many currencies.
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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…
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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.
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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 …
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