Any official Brexit agreements will require the rubber stamp of the European parliament and, after flexing its muscles Tuesday, it may soon frustrate Theresa May’s effort to secure an early agreeme…
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Concessions from Theresa May on the so-called divorce settlement are likely and could avert further weakness. But the real danger to Sterling is in the details of transition and the future relation…
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September’s PMI surveys hit the market at the opening of a politics heavy week for Sterling, after the Conservative Party conference got under way at the weekend.
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Pound Sterling is selling off aggressively in afternoon trade in London with no clear culprit being identified as being behind the move.
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Data revealing how the world’s currency traders are positioned on various currencies shows sentiment towards Pound Sterling continues to improve.
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Monday’s data comes at the beginning of a week that is heavy in both political and economic news, with the Conservative Party conference and more PMI numbers set to dominate the agenda.
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The good news is pretty much priced in and risks are building, which means the risk-reward ratio is not favourable for Pound-to-Euro buyers.
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