The Pound is in a precarious position this June as the Brexit negotiations approach another pivotal moment, according to strategists at J.P. Morgan, who argue the currency has now lost its safe-hav…
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The Pound is back to trading rumours and headlines surrounding Brexit and we have seen the currency move higher and lower in response to the news coming out of 10 Downing Street today.
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The Pound is on a rebound against both major G10 and Asian currencies and Singapore-based UOB reckon GBP/SGD is in the process of bottoming.
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"The scope for the Pound to rebound in the near-term is likely to remain capped by unfavourable Brexit developments in the month ahead." - MUFG.
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The Pound rose sharply against the Euro and Dollar Tuesday as traders responded to the latest IHS Markit services PMI, which showed activity within the UK's largest economic sector r…
Read more … →Those looking for a stronger Pound may be disappointed this month and have to wait till the Autumn for further progress on Brexit negotiations say Blackrock, one of the world's largest asset manage…
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We note the Pound turned lower at around the time the news was made available suggesting to us currency markets are seeing a building up of politically-tinged risks on the near-term horizon.
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