The Pound is under pressure once again and a numer of analysts say they are expecting the selling pressure to continue during a summer and autumn of political uncertainty.
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Pound Sterling reacted negatively to data out Monday that shows the UK economy shrank 0.4% in April 2019 according to the latest set of monthly growth data from the Office for National Statistics.
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The British Pound was seen trading higher against the Euro and U.S. Dollar ahead of the weekend, with moves looking to be technically inspired. Concerning the outlook, we are watching the responses…
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“We remain worried about Sterling. We expect Sterling to remain under pressure ... as the upcoming Conservative Party leadership battle weighs on the currency.” - ING Bank.
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For foreign exchange markets, all eyes are fast turning to Boris Johnson, the current favourite to become the next UK Prime Minister, and his strategy to deliver Brexit.
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The Pound is now unlikely to recover its recent losses against the Euro and Dollar in 2019, according to the latest forecasts from global banking giant MUFG, and is instead expected to cede further…
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Currency markets will be digesting a number of notable Brexit-related headlines on Thursday, May 30, involving the Labour Party's position on a second referendum and a German veto to any further ex…
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