Exchange rate strategy

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

Sunak budget

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

Pound to euro exchange rate

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

British Pound

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

British Pound

The British Pound hit 11-month highs against the Euro over the duration of the previous 24 hours amidst a renewed pulse of buying and one analyst says 1.20 is now in the frame, but there is also a flashing warning sign indicating the Pound is now overbought.

February 19,2021

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