Tag: usd
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 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
Currency Updates

Negative momentum building up for Sterling as Euro remains calm

  Bearish momentum continues its build-up on Sterling’s exchange rate, following a rate cut from Bank of England as an aftermath of June’s EU referendum result. Meanwhile, it’s quite time for Eurozone during this summer season and Euro is watching Pound’s devaluation from the sidelines. Below we investigate how much more GBP will decline and...

TransferGo Blog
Currency Updates

Sterling’s pullback loses momentum as Euro hits monthly high

  Sterling’s anticipated pullback lost momentum last week and began drifting once again lower. Meanwhile, Euro scored an impressive week that pushed its exchange rate against US dollar to a new monthly high. Should Euro’s momentum keep up and disheartening UK investors turn their back on the British Pound on important UK news this week,...

Jim Makos
Currency Updates

Sterling gains against Euro, which continues plunging

Euro continued its dive in May that poses as the probably worst month for the Eurozone currency. On the contrary, Sterling advanced both against the Euro and the US dollar, building on the momentum that started off in April. With key economic results coming in this week for the Eurozone and UK, investors should expect...

Jim Makos