An analyst at Swiss investment bank UBS suggests investors limit their allocation to UK assets - Pound Sterling included - until the current uncertainty around Brexit clears. However, others are more bullish on the currency saying the Bank of England could be tempted to raise interest rates in August, which would be a positive for the currency.
April 23,2019
The Pound will come under pressure if the odds of a no deal Brexit rise from 15%, which they surely will as the Conservatives forced into delivering Brexit on October 31 amidst fierce backlash from Brexit voters.
April 19,2019
Pound Sterling was seen outperforming peers on Thursday, April 18 after UK retail sales data surprised the currency market traders by printing at a stronger level than was expected.
April 18,2019
The Pound is subject to global currents sweeping the foreign exchange markets with a broadly softer U.S. Dollar aiding the GBP/USD higher. However, rumours on the state of Labour-Conservative Brexit talks and UK inflation data out mid-morning are likely to form the focus of Sterling trade over coming hours.
April 23,2019
Sterling volatility was seen on Tuesday after Heiko Maas indicated a harder line will be forthcoming from Germany on any future Brexit extensions, while the domestic agenda will be dominated by UK wage and employment data.
April 18,2019
Foreign exchange markets could once again start taking instruction from UK voting intention polls, amidst an increasingly popular view the country is heading for a general election.
April 17,2019
The Pound is stuck in a technical downtrend against the Australian Dollar which is expected to extend. UK employment data and broader investor sentiment will be the factors traders will be eyeing over coming days.
April 15,2019
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