Despite Pound Sterling showing signs of strength towards the close of the previous week, the technical picture suggests the potential for a reversal without sufficient confirmation quite yet.
August 15,2018
The Euro is the underperformer ahead of the weekend as markets gauge the potential risks posed by Turkey to ECB monetary policy.
August 11,2018
Pound Sterling has jumped a further 0.4% against the Euro ahead of the London market open with a combination of fading Brexit fears and all-around Euro weakness driving the move.
August 11,2018
The Pound could be due a recovery based on the observation the recent sell-off we have witnessed is looking over done.
August 10,2018
The move we are witnessing is part of a deeper run down to the well signposted level of support at 1.11.
August 9,2018
GBP/EUR is still trading at levels consistent with markets believing a deal will be made, but a break towards parity forecast to occur if no deal actually materialises.
August 8,2018
Pound Sterling remains vulnerable to further weakness and GBP/EUR could sell-off down to the 1.10s if Brexit risks materialise. The main calendar release for Sterling is Q2 GDP - for the Euro the ECB's Economic Bulletin.
August 6,2018
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