Traders are buying downside protection to protect against negative Brexit outcomes, and this is what is really weighing on the Pound.
July 26,2018
The Pound will rise over coming days as the Bank of England gears up for its second interest rate hike since the financial crisis, according to analysts at Skandinaviska Enskilda SEB, but traders should use any short-term strength as an opportunity to sell the currency.
July 25,2018
The Pound is headed back toward its post-referendum lows over the coming months, according to analysts at ING Group who have downgraded their forecasts for the UK currency over near-term timeframes.
July 24,2018
The British Pound perked up somewhat ahead of the weekend, coming off recent lows against the Euro and surging above 1.31 against the Dollar following the closing of Brexit-related talks in Brussels.
July 22,2018
The Pound weakened further against the US Dollar and Euro Thursday after official data revealed a surprise contraction in UK retail sales during the June month.
July 19,2018
HSBC say the Pound is around fair value reducing chances of further devaluation but any "slam dunk" news on Brexit to allow Pound to "burst through" current familiar ranges. GBP could rise versus EUR in very short-term as outlook for later deteriorates.
July 19,2018
The tone adopted by Dominic Raab and Michel Barnier following their meeting to discuss ongoing Brexit negotiations could trigger moves in the Pound over coming hours and days.
July 19,2018
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