Pound follows the Euro

Now that Brexit negotiations have been punted into the summer, the Pound more or less follows in lockstep the Euro's moves against world currencies.

This week's Bank of England meeting is unlikely to add anything new to the mix, as the MPC holds the line both on policy and its forward-looking statements. Expect Sterling to continue to trade in line with the Euro over the short term.

GBP/PLN (22/04/19 - 29/04/19)

Source: Bloomberg Date: 29/04/19

Author: Enrique Diaz-Alvarez, Chief Risk Officer at Ebury

Keywords Ebury, GBP