The British Pound is forecast to maintain a subdued tone on foreign exchange markets that could see short-term trends of depreciation against the Euro and Dollar extend, with one investment bank saying they are expecting further losses on a combination of factors.
May 14,2020
The British Pound is now the worst-performing major currency of the past day, week and month according to our data, as multiple pressures start to build on the UK currency in the form of trade negotiation uncertainty, Bank of England policy and the country's slow exit from lockdown.
May 13,2020
The British Pound turned lower in London morning trade amidst a broadly softer global market place and comments from a senior Bank of England policy maker.
May 12,2020
The British Pound is looking to stabilise on Tuesday having dipped at the start of the week in sympathy with a decline in global stock markets, price action that confirms that the broader market sentiment remains in control of the UK currency.
May 12,2020
The British Pound looks set to retain a subdued tone over coming days and weeks as the UK economy starts out on a long road back to normality relative to its global peers, with Prime Minister Boris Johnson saying on Sunday night that it would likely only be August at the earliest when most of the economy would be open again.
May 11,2020
The British Pound received a boost ahead of the long weekend thanks to a Bank of England decision to keep interest rates and quantitative easing levels unchanged, however the expectation of renewed Brexit anxieties and the grip of global market sentiment should keep upside potential limited.
May 8,2020
The British Pound went higher on Thursday after the Bank of England opted to keep interest rates and its quantitative easing programme unchanged, a decision that might have surprised some market participants that were looking for more easing to be announced.
May 18,2020
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