FX markets are mispricing the risk to Sterling posed by UK political uncertainty and an unfounded beliefe the Bank of England will raise rates in August. Yet Blackrock analysts see risks easing as …
Read more … →
British Pound is trading familiar levels despite recent volatility with markets noting Theresa May has the numbers to stay on as PM. But expect further volatility in Sterling this week.
Read more … →
The Pound slumped Monday after reports Foreign Secretary Boris Johnson has resigned from government in protest over Prime Minister Theresa May's latest Brexit policy, heightening speculation that a…
Read more … →
Sterling markets are trading an uncertain political tightrope at the start of the new week as Theresa May's government faces its biggest test yet thanks to the resignation of Brexit secretary David…
Read more … →
"The market should reward GBP" if Theresa May can win over key Brexiteers in her cabinet to back her Brexit customs plan but the risks of a mutiny are high, and this could be bad for Sterling.
Read more … →
The Pound edged higher against most developed world rivals Thursday as markets responded to a speech from Bank of England governor Mark Carney that did little to discourage markets from b…
Read more … →
The Pound advanced against rivals Wednesday as traders responded to better-than-expected IHS Markit Services PMI, which showed momentum within the UK's largest economic sector gather…
Read more … →