OctaFX | OctaFX Forex Broker
Open trading account

UK: Uncertainty weighing on the pound – Handelsbanken

Sterling has weakened substantially in the past few days and is currently trading around 0.87 versus the euro. Kiran Sakaria, a Strategist at Handelsbanken, analyzes the pound’s outlook.

“This weakness is due both to the escalating virus crisis and the renewed fear of a no-deal Brexit, as it has become clear that the UK and the EU are a long way apart, now that the negotiations have begun.” 

“The coronavirus outbreak has caused the Bank of England to promise that it is ready to take the necessary measures to ensure financial stability, and the market is currently pricing in two policy rate cuts from the BoE by June at the latest.” 

“In the coming days and weeks, we expect the increasing uncertainty to continue to weigh on the pound.”


EUR/USD: Trump to drive the pair

Markets are recovering but are awaiting President Trump's stimulus measures as the EUR/USD American session's four-hour chart is pointing to further g
Read more Previous

Oil: Glimmer of hope – TDS

Crude oil prices are settling in the low $30/bbl range, with the risk-on tone helping to provide a bid on the day. Strategists at TD Securities take a
Read more Next
Start livechat