Sterling set to outperform after breaking key support
Sterling was the standout winner this week, trading to a three -year high against the euro after breaking below a key support at 0.8200.
Sterling was the standout winner this week, trading to a three-year high against the euro after breaking below a key support at 0.8200. The catalyst for sterling's strong performance came from the April Bank of England minutes which were less dovish than expected. The Bank's minutes indicated a decreasing chance of further stimulus measures being applied in May when the current round of asset purchases come to an end.
Significantly, MPC member Adam Posen changed his...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team