Optimism over covid-19 vaccines and hopes of an imminent Brexit trade deal continue to underpin a rally in the value of Sterling against the majority of its peers, however one foreign exchange trader we follow says the currency will likely sell off in the wake of a deal being struck.
November 24,2020
The British Pound started the new week higher amidst reports UK Prime Minister Boris Johnson was set to make a political intervention in Brexit trade negotiations with a view to achieving a deal by early next week, while foreign exchange markets were in a 'risk on' mood following vaccine news from AstraZeneca/Oxford University.
November 25,2020
A stand-out piece of research from one of London's most enigmatic hedge funds predicts the Pound will surge in value against the Euro and Dollar over coming months as twin events collide to deliver a "transformational" global event with notable implications for foreign exchange markets.
November 20,2020
The British Pound is at risk of suffering a setback amidst signs that the recent optimism amongst investors on the prospect of a post-Brexit trade deal is misplaced, amidst signs EU leaders are set to make a final push for concessions from the UK.
November 25,2020
The British Pound keeps a positive tenor against the Dollar and Euro alive as markets maintain a cautious optimism that next week could see a final breakthrough in post-Brexit trade negotiations, although analysts remain divided as to how far Sterling can advance on an agreement.
November 25,2020
Forecasts for the British Pound in 2021 from HSBC reveal expectations for the currency to decline, even in the event of the UK and EU achieving a post-Brexit trade deal.
November 25,2020
The British Pound starts the new week in distinctly mixed fashion by edging lower against the Euro and higher against the U.S. Dollar and a number of other major currencies.
November 25,2020
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