The Pound crumbled Friday as reports of a Chinese threat to January's 'phase one' deal piled on top of building concerns about a second wave of coronavirus to spoil risk appetite ahead of the weekend.
June 26,2020
The British Pound would be vulnerable to a sizeable sell-off should a potent cocktail of a 'no deal' Brexit and a covid-19 slump combine towards the end of 2020, according to analysis from Société Générale.
June 26,2020
The EU's Chief Negotiator Michel Barnier has given a speech in which he signalled a key deadline for the EU-UK Brexit trade negotiations will fall in October, which should mean currency markets start to prepare for heightened volatility in Sterling around this time.
June 25,2020
The British Pound dropped further against the Euro, Dollar, Yen and Franc over the course of the past 24 hours as markets suffered a classic case of 'risk off' nerves, the near-term outlook for the currency therefore likely rests with where markets move over coming hours and days.
June 25,2020
The British Pound could find itself better supported against the Euro and Dollar over coming weeks if UK economic data continues to come in better than expected now that the economy is being released.
June 24,2020
The British Pound fell last week, by over a percent against the Euro and 1.3% against the U.S. Dollar, with a major culprit behind the move being Thursday's Bank of England policy meeting.
June 22,2020
The British Pound is marginally higher against the Euro and Dollar on Monday, but the positive start to the new week belies the short-term trend of depreciation the UK currency is currently experiencing courtesy of Brexit concerns, Bank of England policy and covid-19 related concerns.
June 22,2020
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