Tag: british pound
Currency Updates

Tough times for Sterling amid new Brexit talks

As Britain’s PM, Theresa May, set Brexit deadline on Sunday and told she would formally trigger the EU exit by March next year, Sterling is likely to have a dreadful start on Monday. Given the turning point that the GBP/EUR is trading at nowadays, this talk may have quite significant short term implications for the...

TransferGo Blog
Currency Updates

Sterling to continue its freefall, unless the 7-year trend prevails over Brexit!

  Panicked investors and entrepreneurs transferred their Sterlings and Euros back and forth the past week, following the surprising Brexit vote in UK. At times of uncertainty and great volatility in foreign exchange the general advice is this: remain still and don’t take any action before the dust settles. Rushed decisions are rarely proven correct....

Jim Makos
Currency Updates

British Pound suffers losses while Eurozone economy grows

Previous week’s positive gains for Euro and Sterling were largely driven by the growing Eurozone economy. Brexit talks kept investors on their toes as ‘Leave’ and ‘Remain’ campaign leaders fuelled the discussion. Several PMI reports are coming out this week that will affect the British Pound price action at the foreign exchange markets. GBP Sterling’s...

Jim Makos