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Pound Sterling may be tested on Tuesday as MPS gather in the House of Commons to vote on a series of “Brexit wrecking” amendments inserted into the EU Withdrawal Bill by the House of Lords, which will set the government's Brexit strategy in legislative stone.
June 12,2018
Technical studies confirm this market continues trading within an ever decreasing band in the 1.13s and 1.14s. But, this week big moves could occur on the back of the ECB event and a slew of big-hitting UK data releases.
June 10,2018
The Pound is likely to weaken against the European single currency in June, according to strategists at TD Securities, who have told clients that domestic politics and the latest Brexit deadline have soured and there is a tactical opportunity in selling Pound Sterling against the Euro.
June 7,2018
"Even though Brexit-related uncertainty is GBP negative, upside potential for EUR/GBP may be limited if investors anticipate a defiant tone from Italy’s populist government" - Rabobank.
June 6,2018
Our latest technical forecast and fundamental outlook analysis for GBP/EUR suggests a slight downside bias but a slew of economic data releases - with the services PMI being the highlight - will be closely watched by markets in the week ahead.
June 4,2018
"A currency in crisis is not very suited as a world trade currency" - Commerzbank.
May 31,2018
The Euro is staging a relief rally amidst signs that the two leading Italian parties will make another attempt at forming a government.
May 31,2018
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