The Pound-to-Euro exchange rate has remained ascendant and on course to reclaim the 1.17 handle despite widespread volatility in global markets and could be aided over the coming days by a possible stabilisation of risk assets and supportive rhetoric from the Bank of England (BoE) and European Central Bank (ECB).
March 7,2021
Foreign exchange strategists at TD Securities - the Canada-based global investment bank - are looking to sell the Pound as the currency has started to appear vulnerable on a number of their models.
March 5,2021
Pound Sterling remains on track to extend higher against the Euro courtesy of a relatively well received 2021 budget, the UK's vaccine advantage and broadly stable global equity markets.
March 4,2021
The Pound-to-Euro exchange rate was resilient as the risk assets hit a global bond market speed bump that unsettled investors following Sterling’s barnstorming rally to one-year highs, which will be back in prospect this week as the dust settles and domestic focus turns to Chancellor Rishi Sunak’s budget.
February 28,2021
The British Pound has recorded its first daily loss against the Euro in two weeks after a strong rebound in the Eurozone's single currency, although analysts at CitiFX say they maintain a preference for Sterling upside.
February 26,2021
Pound Sterling rallied sharply during the mid-week Asian session and is holding the gains in London trade in am move that has opened fresh new multi-month highs, but the gains have left analysts scratching their heads as to why the currency is rising.
February 24,2021
The Pound-to-Euro exchange rate took the market by storm having risen to nine-month highs last week but could continue steamrolling higher into month-end, leading to a test of 1.17 in the process, as the UK economic backdrop brightens and Sterling proves popular among central bank reserve managers.
February 21,2021
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