Pound Sterling retains a heavy tone at the start of the new week with traders unwilling to bag a bargain on the currency even if it is artificially cheap.
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Ex-interbank trader Sean Lee at ForexTell explains what happened during the Pound’s algorithmic collapse and why such a fall would not have happened in years gone by.
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Pound Sterling is under severe pressure ahead of the weekend - is the currency now oversold or will the coming week deliver more of the same.
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Kathleen Brooks at City Index in London talks us through the shock flash crash in the British Pound on Friday and whether or not it can happen again.
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Sterling remains highly sensitive to risk sentiment associated with Brexit as we evidenced by the sharp declines witnessed through the opening days of October.
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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.
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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.
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