| 02 Sep 2017 05:07 | http://theliberal.ie/ (blog) |
Some analysts believe that Sterling will finally reach parity with the common European currency towards the end of 2017, and remain there for some time to come.
moreThe British Pound did not show much of a reaction to a couple of sentiment surveys as they crossed the wires. The GFK consumer confidence index edged higher to -5 from -7, beating the -8 prediction.
more... The Times newspaper reported. The British pound slipped to as low as $1.2788, close to a one-month low reached last Friday, following the news compared to a high of $1.2867 in the overnight session.
more... - See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar.
moreFurther, while the weaker Pound has helped to boost exports and made UK assets more attractive to foreign buyers, the potential for inflation to overshoot the Bank's target of 2% has increased.
more| 01 Nov 2016 12:51 | MarketWatch |
Bank of America's global currency and commodity analysts now call for the battered British pound to bottom out at $1.15 during the first quarter of next year - one of the more bearish forecasts among major currency dealers.
more| 06 Oct 2016 19:56 | Investing.com |
Investing.com - Gold gained in Asia on Friday as the pound plunged in thin trade as investors awaited U.S. jobs data and the return of China to the markets next week after a week-long holiday.
moreBecause there was no news so far to justify the pound's wild swing, it could be the result of a fat finger, said Elias Haddad, senior currency strategist at Commonwealth Bank of Australia.
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