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Pound Sterling forecasts slashed amid growing COVID concerns

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Pound Sterling (GBP) is trading higher across the board on the first day of the new trading week but analysts have downgraded the currency's medium-term forecast.

Pound Sterling’s in recovery mode but vulnerability lingers

Latest FX news

Pound Sterling (GBP) recovers as global investor sentiment improves. A slowdown in the UK’s COVID case rate growth has also bolstered GBP exchange rates but vulnerability lingers, especially against the greenback. Technical charts point towards a bearish trend in the British pound to US dollar (GBP/USD) exchange rate with inflation concerns and Brexit tension raising concerns...

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Pound Sterling pressured by UK’s worsening COVID situation

Latest FX news

The British pound to US dollar (GBP/USD) exchange rate and the British pound to euro (GBP/EUR) exchange rate have collapsed amid ongoing signs that the UK’s coronavirus situation is deteriorating. Confirmation that UK government borrowing declined has prevented sharp losses but persisting Brexit tensions could drag pound Sterling (GBP) exchange rates lower...

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Digital currencies – ECB to launch the e-euro

Latest FX news

The European Central Bank (ECB) is set to launch a digital version of the euro (EUR) known as the e-euro. Keeping a close eye on the progress of cryptocurrencies such as Bitcoin, the ECB noted how the coronavirus pandemic had created a shift away from physical cash. The e-euro aims to launch within the next five years and looks to become a secure payment method across the Eurozone.

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Are you looking to make an international payment? Know Currency Market Updates

Insights

Pound Sterling forecasts slashed amid growing COVID concerns

Pound Sterling’s in recovery mode but vulnerability lingers

Pound Sterling pressured by UK’s worsening COVID situation

Digital currencies – ECB to launch the e-euro