Stocks enter oversold territory, a rebound could support GBP/EUR & GBP/USD.
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Another risk-off session means the British Pound is falling against the Euro, Dollar, Franc and Yen.
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A stock market sell-off has finally caught up with the high-flying British Pound which has shed close to half a percent against the Euro while also losing ground against other safe haven currencies…
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"GBP is in the process of yet another post-war reset in the aftermath of the Brexit Referendum" - Kamal Sharma, Bank of America.
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In fact, so severe is the inflationary pressure that Capital Economics points out CPI is now further above the Bank of England’s target than at any point since the UK first adopted an inflation tar…
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Strong labour market data could offer the Bank of England confidence to raise interest rates again in February, maintaining a positive outlook for the British Pound.
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The British Pound was fast to appreciate in the first half of January in a move some analysts say is partly a result of a positioning adjustment on global markets, and one analyst says the move mig…
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