Sterling remains highly sensitive to risk sentiment associated with Brexit as we evidenced by the sharp declines witnessed through the opening days of October.
Read more … →
Despite GBP falling yet further on Wednesday we are hearing increased chatter that the sell-off is potentially now overdone. But a trigger is required to stimulate any kind of recovery.
Read more … →
The current downtrend in Sterling is overhyped says Nordea Analyst Aurelija Augulyte, who forecasts a rise to 1.32 GBP/USD by year end, instead of further declines.
Read more … →
The Rupee continued to rise against the pound on Tuesday even after the Reserve Bank of India (RBI) decided to cut interest rates, a move which would normally be expected to weaken the Rupee.
Read more … →
Pound Sterling will be hoping for some much-need support from the release of UK data and a speech by the UK’s Chancellor of the Exchequer today.
Read more … →
A busy end to the month for Pound Sterling with markets likely to focus on the outcome of a raft of official statistics that will give a gauge of post-referendum economic performance.
Read more … →
The pound is revealing possible underlying strength on several key charts, such as against the euro and the dollar, and this may be an early indication of a recovery in the currency, says Broker Ha…
Read more … →