Exchange Rate Forecasts

We have seen some significant market movement in the past 24hrs and Euro sellers should pay particular attention to this trend as the Euro strengthened against Sterling to close under the 1.4400 level last night. We can expect to see further gains this morning with Consumer Confidence in the Euro-zone forecasted to show a sharp [...]

There was some significant data released in the UK yesterday with economic growth accelerating to the fastest pace in a year, due in part to a pickup in services and government spending. In addition, UK Mortgage Approvals fell to a 3 month low in February with lenders approving 115,000 home loans compared with 121,000 in [...]

In the past 24hrs, the Euro has gained against Sterling after Business Confidence in Germany unexpectedly rose to it’s highest level in almost 15 years in March, giving investors encouragement that the ECB will move interest rates again over the coming months. Coupled with the ifo Index, Consumer Confidence in Germany rose to it’s highest [...]

Good Morning, Following a relatively quiet day yesterday, we can expect to see some market movement today with significant data released in both Europe and the States. Since the back-end of the last week, Sterling has been gaining against the Euro, closing last night above 1.4500 and with Business Confidence in Germany expected to show [...]

The main theme in the market yesterday was predominantly dollar strength as U.S. Jobless Claims fell 11,000 in the last week, the first decline in four weeks, which suggests that job growth will keep fuelling consumer spending in the States. Also, the dollar was given a major boost when sales of existing homes in the [...]