The Norwegian Krone has shrugged off the recent decline in oil prices due its to strong structural fundamentals, and, according to analysts at HSBC, is set to appreciate going into 2016.
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Positive news from China has broken the negative spell cast over the Aussie, which now sits poised to break out of a descending channel versus the pound.
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The British pound is forecast to weaken further against the US dollar but recover lost ground against the euro it is argued.
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Analysts at Credit Suisse see multiple Brexit flash points as increasing the chances of volatile swings in the pound in 2016, as they down-grade their GBP forecasts.
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The pound to euro exchange rate stopped after a seven week collapse after the ECB minutes mentioned extending QE for as long as it takes - could this be the start of a reversal in the pair of just …
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Today’s focus from a British pound perspective will be on the Bank of England’s MPC policy announcement and meeting minutes.
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The pound has weakened even further following a significant drop in Industrial and Manufacturing Production data, as analysts push back their forecasts of when the BOE is most likely to raise rates…
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