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Pound Sterling took a pummeling this week but its rollercoaster ride is a long way from over and this means the British currency is still best off being sold in the event of any rallies, according to one trader at Credit Suisse.
May 6,2022
The Pound to Euro rate slumped and was left testing a notable level of technical support on charts after the Bank of England (BoE) appeared to stoke doubt in the market about widely held assumptions relating to its interest rate.
May 9,2022
"Hike expectations on the markets might get corrected slightly to the downside, which would put pressure on Sterling" - Commerzbank.
May 5,2022
The Pound to Euro exchange rate has succumbed to souring market sentiment toward Sterling in recent weeks but it could fall further, according to downgraded forecasts from Goldman Sachs, which envisage a steady slide back to levels not seen since January 2021 over the coming year.
May 4,2022
The Pound to Euro rate climbed from near April lows last week and may attempt to extend its recovery over the coming days but it would likely take a significant 'hawkish' surprise from the Bank of England for it to avoid succumbing to the implications of any gloomier set of BoE economic forecasts this Thursday.
May 3,2022
The coming week promises further losses for the British Pound unless the Bank of England announces a bigger than expected interest rate rise on Thursday.
April 29,2022
EU gas supplies squeezed further, puts EUR under pressure as economists warn of Eurozone stagflation and rising potential for economic recession.
April 29,2022
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