The Mudcat Café TM
Thread #162855   Message #3909734
Posted By: Keith A of Hertford
06-Mar-18 - 04:47 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
Exchange Rates 18 hours ago,

"Pound Euro Exchange Rate Advances As UK Services PMI Hits Four-Month High"

"Pound Sterling Live 3 days ago,
"the Pound-to-Euro exchange rate is in fact not in remarkable territory. In fact, it is slap-bang in the middle of its long-term range against the Euro; indeed the exchange rate appears to be stuck in a rut with the 1.13 level being a fulcrum in a multi-month range for the exchange rate."

" David Bloom, HSBC's head of foreign exchange research.
Bloom says the market is likely to remain caught around current levels until such a time as some real news on Brexit is made forthcoming. "The UK is renegotiating its position with the EU, let's look at Sterling against the Euro and if you look at that it's as dull as dishwater," says Bloom, "we're waiting for something to happen".
"It looked like Sterling was weakening, weakening, weakening, something happened, it strengthened and if you look at the charts since September last year it's done nothing," adds Bloom."

Express 1 hour
"Pound to euro exchange rate: Promising service sector gains back recent losses
Laura Parsons currency analyst at TorFX explained

Express 2hour,
"Pound V euro: GBP climbs after Italian election triggers shockwaves with anti-EU surge
Jeremy Cook, Chief Economist at WorldFirst shared his optimism on the readings, "