Pound Sterling back down on PMI release

The British Pound had started the new week on the front-foot against its major competitors, however a disappointing data release out mid-morning has seen the gains reversed.

July 18,2019

month-end flows tipped to benefit the Pound

Foreign exchange analysts at Deutsche Bank - the Frankfurt-based multinational investment bank - are backing the British Pound to benefit from month-end flows.

June 28,2019

Barclays forecasts for the Pound

Forecasters at Barclays see further downside in the value of Pound Sterling amidst a soft economy and fading conviction that a Brexit deal will be achieved by year-end.

June 26,2019

Boris Johnson on Brexit

The British Pound was seen trading higher against a host of major currencies on Tuesday, confirming a short-term floor might be building under the UK currency, in part aided by comments from incoming Prime Minister Boris Johnson that he does not believe "for a moment" that a 'no deal' Brexit will take place on October 31.

June 27,2019

HSBC forecasts for the Pound

The Pound could be in for a rough ride against the Dollar and Euro through the remaining summer months, according to strategists at HSBC, who say the mounting threat of both a 'no deal' Brexit and general election will weigh on the British currency. 

June 25,2019

Downing Street

Foreign exchange strategists are apparently becoming increasingly weary of the prospects of a General Election taking place before 2019 is out, and this should keep the British Pound under pressure we are told.

June 21,2019

The Pound has received a pasting on the currency market in recent months but could find some welcome support if the Bank of England (BoE) continues to warn Thursday that borrowing costs will have to rise over the coming quarters, but analysts and economists are divided in their outlooks for UK interest rates.

June 20,2019

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