The British Pound fell after January's GDP read at -0.1%.
HSBC has adjusted its Sterling forecasts higher against the U.S. Dollar but lowered them against the Euro in response to recent "seismic shifts".
The British Pound's high beta to global equities leaves it softer against the Euro and U.S. Dollar.
Germany's 'whatever it takes' moment equals a higher euro, say analysts.
Horizon Currency Ltd
Albany House
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Horizon Currency's payment and foreign currency exchange services are provided by:
Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).