Pound Sterling starts the new week sharply lower against the Euro however coming days promise a busy calendar of both news headlines and economic data which will keep the currency volatile.
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Technical strategists at Credit Suisse have told us why they believe the British Pound remains a core ‘short’ in their trading portfolio.
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Funding the UK’s sizeable current account deficit will keep Pound Sterling week argue analysts at DNB Markets who also tell clients they expect the Bank of England to cut interest rates in November…
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At their September policy meeting, the Bank of Japan (BOJ) decided to change their tactics, focusing on strengthening the ‘organs’ of lending in the real economy: banks and other financial institut…
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The short-term trend lower in GBP/EUR will probably extend as outlook for euro remains positive whilst pound suffers from deteriorating sentiment associated with Brexit.
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Danske Bank see the British Pound falling to as low as the mid 1.08’s within six months.
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The EUR/USD pair has stubbornly held above the 1.1100 watermark and is currently trading in the 1.12s, is this a sign the pair could be about to break higher?
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