Those with foreign exchange purchases have been warned that Pound Sterling could "sell off hard" as the Bank of England cuts interest rates by 0.25% in coming months.
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Foreign exchange markets will be eyeing the release of service sector PMI data for guidance on whether or not the British Pound's recent sell-off should be extended.
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Pound Sterling rose against its major rivals Wednesday as traders responded to a better-than-expected IHS Markit PMI survey that showed the UK construction industry roaring back to life in April.
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The decline in Pound Sterling could offer speculators the chance to profit on a recovery, according to strategists at ANZ Research - an arm of Australia-based multi-national investment bank ANZ.
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The Pound could be at risk of returning to Brexit lows after Michel Barnier's trip to Ireland kicks up old enmities and spotlights border issue.
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The Pound extended its slide lower Tuesday as markets responded to the latest IHS Markit manufacturing PMI, which appeared to suggest the recent economic slowdown may have extended into t…
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An under-fire British Pound might just have seen the worst come to pass suggests a prominent foreign exchange analyst we follow.
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