“We believe that a lot of negatives seem to be in the price of the currency and thus expect a less pronounced sell-off from current levels.”
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Bets against Pound Sterling surged by $1.1BN in the space of a week according to the latest available data on foreign currency market positioning from the US Commodity Futures Trading Commission.
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A more conciliatory tone from the foreign secretary over the "Brexit Bill" supports an emerging narrative suggesting the pound may already have seen its darkest days.
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Neil Dwane, global strategist at Allianz Global Investors has said fast money appears to be behind the ongoing decline in Sterling but the Euro remains the most undervalued currency in the world, d…
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Theresa May gained something of a reputation for performing policy u-turns in the 2017 General Election; an unfortunate reputation that lost her majority in the House of Parliament.
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Analysts at a leading global investment bank have cut their forecasts for Sterling-Euro but say warnings of a fall to parity are overblown while Brexit risks are seen diminishing.
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The big driver for Pound Sterling over coming weeks will firstly be the intention of the European Central Bank regarding the tapering of its stimulus programme. We have cited September 7 as being k…
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