03 August 2016 UK Exports to Enjoy Brexit Boost as a Severely Overvalued British Pound Starts to Correct Lower

The CBI has reported that Britain’s SMEs are expecting to boost exports over coming quarters as the UK becomes more competitive thanks to a devaluation in the overvalued Pound Sterling.

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03 August 2016 The Pound's Strength Against Euro, Dollar Holds as Service PMI Data Steadies

For GBP, the focus in mid-week trade will be the outcome of the release of the Service PMI reading from Markit and the CIPS.

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02 August 2016 How is the Pound Likely to React to Hammond's Planned Stimulus Drive?

Theresa May's new chancellor has scraped the previous administration’s goal of generating a budget surplus by 2020, allowing himself more room for manoeuvre in addressing the potential economic fal…

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02 August 2016 The Pound / Euro Rate Eyes 1.20 on Short-Covering Move Triggered by Better-than-Forecast Construction PMI

Pound Sterling is looking surprisingly firm despite news that UK Construction PMI data fell at its fastest pace since 2009.

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01 August 2016 Euro to Pound Exchange Rate: EUR Still Forecast Higher Despite Recent Drop from Multi-Week Best

The EUR/GBP pair is rising after breaking out of a triangle formation; it may well reach the same level as the 0.8627 July highs.

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01 August 2016 British Pound Advances on Dollar, Euro Even as Manufacturing PMI Confirms Need for Lower Interest Rates

Markets have some juicy data to bite into as the new month brings with it the release of the three PMI readings.

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01 August 2016 GBP/EUR Exchange Rate Bounces Off Support at 1.18, Forecasting a Move Towards Range-Highs at 1.20

The risk is for the pound to weaken in the week ahead as the Bank of England (BOE) meets to launch its summer stimulus programme.

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