GBP recovers some recent losses as stable stock markets help, but outlook for both stocks and the domestic economy to remain negative drivers.
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Analysts warn Pound Sterling is set for a summer of weaknes as the UK economy suffers a downturn.
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Pound Sterling sunk like a stone following the release of PMI data that suggests the UK economy was close to contracting in May and conditions are deteriorating faster than was the case during the …
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The UK is the "poster child for stagflation" says investment bank JP Morgan as it announces "pretty deep cuts" to their British Pound forecasts.
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The British Pound turned higher following another better than expected economic data release.
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The Pound and Euro are taking advantage of a faltering Dollar to clamber further above their recent multi-month lows.
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Bear market yet to be broken, GBP therefore prone to more losses.
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