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…
Read more … →Forecasts and analysis for the British pound, including potential direction against the euro, US dollar, Australian and New Zealand dollars.
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