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The British Pound ends November on a solid footing against the Dollar and Euro but there is a distinct uncertainty amongst analysts as to how the coming month of December will play out.
The Pound to Euro exchange rate looks set to end November slightly softer against the Euro (-0.18% as we move through the final session), but it is nevertheless 2.20% higher than at its lowest point, which was reached in the wake of the poorly received Bank of England interest rate decision and Monetary Policy Report.
The Pound to Dollar exchange rate is looking to record one of its strongest-ever monthly gains having ended November a solid 4.55% higher meaning it has advanced 15.5% since its September low.
Foreign exchange price action has however been difficult to divine over recent days with multiple drivers in play and analysts appearing increasingly uncertain as to what the next few weeks will bring.
This makes for…
