Fundamental view: The British pound has gotten hit rather hard during the week, after trying to be somewhat optimistic. Meeting between Boris and Ursula has produced nothing. No deal at dinner but perhaps over the weekend? A nerve-wracking week concludes with growing fears Brexit talks could collapse. Apart from the all-important deliberations, rate decisions on both sides of the [...]
Fundamental view: The British pound has made a rally against greenback in the past week. The vaccine approval and hopes for US fiscal stimulus were decidedly positive, and all three themes will likely dominate the scene again, with UK growth and US consumer statistics having their time in the sun as well. Also Traders are essentially [...]
Fundamental view: The British pound initially pulled back during the course of the week only to shoot higher and reach towards the 1.34 level. An exit from the pandemic is more powerful than a Brexit deal – at least in unleashing late November's rally. EU-UK negotiations remain significant, but also, the calendar is making a welcome comeback, with [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. Corona virus and talks about future EU-UK relations have supported pound and triggered a bounce. Prime Minister Boris Johnson signaled the UK would prosper without a deal, and EU officials indicated talks could collapse. [...]
