Tag: GBP
Business Currency Updates

Sterling Euro exchange rate skyrockets puzzling analysts

Last week’s strong hints coming from the Bank of England that an interest rate hike might come sooner than expected caused Sterling’s exchange rate against the Euro to surge to two-month highs! Yet, Sterling was already appreciating at the beginning of the week and finished off with an impressive climb, approaching 1.14 Euros. The European...

TransferGo Blog
Business Currency Updates

Euro to two-year high as Sterling’s freefall bottoms

North Korea tension and Brexit negotiations’ third round ending in stalemate last week made investors seek safer-havens such as Euro versus Sterling. As a result, Euro surpassed the resistance at 1.20 against the US dollar at the start of the week, whilst Sterling bottomed at an 8-year low against the Euro. However, GBP traders welcome...

Jim Makos
Currency Updates

Unexpected Sterling Flash Crash confirms the expected decline

Much to the dismay of Sterling’s supporters and investors, the UK currency shocked the market on Friday, collapsing to new multi-yearly lows in a matter of hours. Yet, the fall didn’t come out of the blue, given the long term negative sentiment for the British Pound that has been established for months now and only...

TransferGo Blog
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 surprisingly weakens further but technical considerations are in control

Sterling unexpectedly continued its fall last week, despite not disappointing news and reports for the UK economy. Employment data remained robust, inflation data was much expected and retail sales are somewhat growing. Thus, we investigate the charts looking for any bearish indicators. GBP The previous week was another negative one for the British currency, that...

Jim Makos
Currency Updates

Sterling jumps indicating a strong pullback

  Sterling finally found support during its long decline and there is some merit in discussing the probability of a strong pullback, or dare we say, a full reversal! Of course, we still have a long way for the last claim and, for the time being, we can make some bold predictions only for the...

Jim Makos