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The British Pound was bid in mid-week trade following the release of UK inflation data for June which came in hotter than expected, prompting expectations that a 2022 Bank of England interest rate rise was increasingly likely.
July 14,2021
The Pound-to-Euro exchange rate enters the new week underpinned by support at 1.16 while eating away at resistance at 1.17, near to three-month highs, although international factors are clearly in Sterling’s driving seat at present and these could be a trigger for volatility in the week ahead.
July 11,2021
The Euro has attracted some strong buying interest ahead of the weekend and has pushed the British Pound decidedly lower, a development that could signal an end to the Pound's near-term advance against its rival.
July 9,2021
The British Pound could be undermined by a surge in Covid-19 cases according to new analysis from foreign exchange strategists at one of the world's largest foreign exchange dealers.
July 9,2021
The British Pound could be on course to test its highest levels against the Euro since the referendum, according to new research.
July 7,2021
The Pound-to-Euro exchange rate enters the new week close to one-month lows but with limited downside given a cluster of nearby support levels around 1.16, which underpins Sterling going into the release of the all-important May GDP report.
July 4,2021
The UK's shifting trade relationship with the EU and the rest of the world could prove supportive for the British Pound according to new research from BMO Capital Markets, who say they continue to favour the Pound over the Euro from a strategic perspective.
July 2,2021
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