Pound to euro conversion collapses half a percent and reaches critical support zone. Pound to dollar conversion falls from mid-week highs.
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Why is the pound sterling falling against the euro once again?
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With the General Election a week away, of which the outcome is far from clear, one would expect volatility in the FX markets.
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The British pound has rallied back above the 1.50 exchange rate against the dollar following a positive run that has taken in the past 11 trading days.
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The first interest rate hike in the new cycle will come in November suggest analysts at Lloyds Bank Research.
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The British pound has powered higher on global currency markets following the Bank of England’s warning that markets are under-estimating the prospect of an interest rate cut.
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The British pound is the outperformer on global currency markets on the back of some strong economic data.
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