16 July 2018 British Pound Tipped to Benefit if Rees-Mogg Fails in Attempt to Force Government to Change Brexit Policy

Sterling may catch a bid if Prime Minister Theresa May gets legislation through parliament in the face of opposition to her agenda by Jacob Rees-Mogg and other Conservative MPs who see her plans asโ€ฆ

Read more … →
13 July 2018 Options Market is Fretting about Further Losses in Pound Sterling

The Pound rose broadly on Friday as currency markets shrugged off fears over the trajectory of the Brexit negotiations but, according to strategists at Bank of America Merrill Lynch, this pricโ€ฆ

Read more … →
12 July 2018 Pound Sterling Outlook: A Positive EU Response to Whitepaper will Trigger Gains Against Euro and Dollar

Sterling continues to recover as UK White Paper detailing aims for future EU-UK trade is released, but detailed response from EU to shape the outlook with a positive response to push gains.

Read more … →
12 July 2018 British Pound to "Climb Wall of Worry" against Dollar, Stay Sidelined vs. Euro

Analysts say the Pound is cheap and therefore selling pressure is abating while Prime Minister Theresa May should be safe until summer 2019. But we could see GBP/USD fall sharply below the 1.30 levโ€ฆ

Read more … →
11 July 2018 British Pound Overvalued in the Face of "Binary" Risks says Algebris's Gallo

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 โ€ฆ

Read more … →
10 July 2018 British Pound Relief as May Stays

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 … →
09 July 2018 Pound Looks to Recover Losses Triggered by Johnson Departure, Market Ponders May's Survival Skills

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 aโ€ฆ

Read more … →