The British Pound was a laggard on Tuesday following the announcement of fresh tax hikes in the UK, a move the government said was required to pay for the health and social care systems.
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The UK has confirmed it won't be placing any checks on goods entering Northern Ireland from the rest of the country, a move that analysts says removes a potential future flashpoint for Sterling.
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RBC Capital Markets are forecasting sizeable declines in the value of the British Pound before 2021 is out with losses extending into 2022.
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The British Pound advanced against the Dollar but locked horns against the Euro following the release of some underwhelming U.S. jobs numbers.
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The Pound would likely lose ground against the Dollar but would potentially gain against the Euro on such an outcome as analysis shows the Euro to be more sensitive to hawkish U.S. interest rate ex…
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The British Pound could stay supported for the duration of 2021 should demand for UK assets that has resulted in a surge in Merger & Acquisition activity continue.
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"Is GBP losing its shine?" queries Jordan Rochester, Global FX Strategist for Nomura in a new research note on the UK currency that comes as we move into the new month.
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