Foreign exchange analysts at Goldman Sachs see value in buying Pound Sterling against the Euro in anticipation of the EU and UK striking a Brexit trade deal in coming weeks, while foreign exchange market options pricing suggests a market becoming increasingly of the view the two sides will strike a Brexit deal.
October 6,2020
The Euro-to-Dollar exchange rate has jumped 0.5% at the start of the new week to reach fresh two-week highs at 1.1786, amidst an atmosphere of broad-based Dollar weakness amidst evidence of a clear outcome to the U.S. November presidential vote.
October 5,2020
The Pound-to-Euro exchange rate is in recovery mode and could be on the cusp of a Brexit-inspired breakout from its recent range, but will have to overcome technical resistance and contend with deteriorating risk appetite this week.
October 4,2020
The Euro is one of 2020's top performers, but the period of outperformance that took the single currency to the top of the leaderboard might have come to an end with the European Central Bank lining up its big players to warn they are not comfortable with the pace and extend of the currencies rebound.
September 30,2020
The Pound-to-Euro exchange rate is consolidating near lows established at the height of coronavirus panic in March, pending a Brexit-induced breakout in either direction, although an absence of progress in the trade negotiations could pull Sterling back toward the bottom of that range this week.
September 27,2020
The British Pound was the best performing major currency on Thursday following a newswire report that the EU was "open to a 'thin' Brexit deal" and that on the EU side there was "cautious optimism a deal can still be found".
September 25,2020
The British Pound is expected to remain under pressure through the final three months of 2020 say foreign exchange strategists at Deutsche Bank who say they see the currency particularly at risk against the Euro.
September 23,2020
Page 137 of 363