A snapshot of analyst takes ahead of the Bank of England's interest rate decision on Thursday, that will in all likelihood see a 25 basis point hike announced that will take Bank Rate to 0.75%.
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Foreign exchange strategists at NatWest Markets have exited a long running trade recommendation that looked to benefit from the British Pound's appreciation against the Euro and Franc.
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GBP screens as near-worst performer of past month, fundamental backdrop suggests more of the same likely near-term.
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GBP has come under pressure against EUR but has recovered from recent lows against USD with markets showing heightened volatility due to the war in Ukraine, but today all eyes will be on high-level…
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Has the market got ahead of itself by pricing in almost six quarter point rate hikes before the end of 2022, and if so, what does this means for the pound?
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"We see GBP as remaining moderately better positioned vs. the EUR in the coming months as long as the crisis deepens and Russia’s pariah status persists. The GBP, however, is likely to remain on th…
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The Pound to Euro exchange rate surpassed the 1.21 level amidst fears the war in Ukraine was close to escalating significantly and analysts reduced their forecasts for the European currency.
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