Pound Sterling has wind in its sails and further gains against the Euro are possible in the coming five days.
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The Pound has risen sharply this week, buoyed by a supportive global backdrop of rising stock markets and a favourable decision from the Bank of England on Thursday.
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Pound Sterling is making a fresh push higher Friday, bolstered by the Bank of England's message that interest rates will only be reduced gradually, but the advance could yet be thwarted by technica…
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Pound Sterling tends to fall against the Euro on Bank of England days shows analysis. And today is such a day.
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Pound Sterling rose against the Euro and Dollar following the release of UK inflation data for August that showed a pick-up in the pace of price rises in the UK.
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We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact…
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Pound Sterling has recovered against the Euro alongside improved market sentiment and we see two credible upside targets for the exchange rate.
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