The British Pound plumbed a fresh 7-week low against the Euro and underperformed the majority of its G10 rivals after the yield paid on government debt fell below 0% for the first time in history,
While expectations continue to grow that the Bank of England would soon cut interest rates to below zero.

May 28,2020

The British Pound's stock market-inspired recovery faded heading into the mid-week session, amidst ongoing analyst expectations that any strength in the UK currency is likely to be short lived.

May 28,2020

A strong rebound in global equity markets over the course of the past 24 hours has allowed the British Pound to stage a recovery against the Euro, U.S. Dollar and other major currencies, but analysts from investment banks such as Goldman Sachs, CBA and TD Securities are sceptical the recovery will last.

May 28,2020

The British Pound rose by over a percent against the U.S Dollar and half a percent against the Euro at the start of the new week amidst a broad-based improvement in investor risk sentiment that swept global stock markets, commodities and risk-on currencies higher. However, concerns about negative interest rates at the Bank of England were raised by Andy Haldane over the weekend, and this could well limit upside impetus.

May 20,2020

The British Pound extended losses against the Euro, Dollar and other major currencies ahead of the weekend following confirmation that the EU and UK are at a deadlock in trade negotiations.

May 20,2020

The Pound is currently being driven by a combination of factors: 1) global market sentiment 2) Bank of England policy and 3) Brexit trade negotiations; all of which are proving unsupportive at present.

May 20,2020