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The British Pound enjoyed a fillip on Thursday, May 18 on the back of some unexpectedly strong retail sales data, but we believe it is too soon to expect the recent highs to be tested again.
May 19,2017
GBP/EUR was falling to the floor of a box-like range it has been oscillating within for months between 1.15 and 1.20, however, today's retail sales results have led to a substantial recovery in the pair.
May 18,2017
Traders are turning increasingly positive on the Euro with data showing the majority of speculators are now betting that the EUR/USD exchange rate will now rise.
May 19,2017
EUR/USD has surged on a combination of disappointing US economic data (USD negative) and reports the ECB might decide to wind up their QE program sooner than previously thought (EUR positive), where next for the pair?
May 18,2017
A leading European financial services institution has just told clients it is upgrading its forecast profile on Pound Sterling.
May 17,2017
"The higher EUR seems to be a cause of an anticipation of a shift in the ECB monetary stance," says Petr Krpata at ING in London.
May 16,2017
Strategists at French investment banking giant BNP Paribas say they favour shorting EURGBP ahead of several key data releases in the UK this week.
May 16,2017
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