The British Pound starts the new week softer against both the Dollar and Euro but we would expect a potentially volatile week for Sterling given Brexit trade negotiations commence once more while the release of flash PMI data at the end of the week will be eagerly anticipated for a foreign exchange market obsessed with the speed of the post-covid economic recovery.
August 17,2020
The Pound-to-Euro rate advanced Friday after being pulled higher by GBP/USD in moves that were necessary to keep the Euro-to-Dollar rate afloat, given a European trade-weighted-index conundrum that may have closed off Sterling's path lower from 1.10 for the time being.
August 16,2020
The British Pound fell sharply against the Euro over the course of the past 24 hours and looks set to endure further weakness unless the UK economy can start printing some impressive data and close its performance gap with the Eurozone.
August 13,2020
The Turkish Lira was broadly higher on Tuesday as markets eased back on days of relentless selling pressure, however it remains questionable whether the losses can be reversed without some hefty interest rate hikes at the country's central bank.
August 11,2020
The Pound-to-Euro exchange rate has been tacking sideways in an effort to erode a multi-month downtrend but volatility could increase in the days ahead, which will see the Euro at risk in any renewed Turkish currency crisis while Sterling navigates a series of key economic reports.
August 9,2020
The Pound-to-Euro exchange rate may have set itself up for a period of range-trading after its strongest weekly performance since March put the multi-month downtrend in danger, with Sterling having declined an invitation to return toward earlier lows.
August 2,2020
The Swedish Krona was the best performing major currency ahead of a surprisingly strong British Pound, and economists at Swedish lender say the Scandinavian currency has more ground to gain.
July 31,2020
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