Exchange Rate Forecasts

There is a glut of significant data released today on both sides of the Atlantic and we can expect to see further market volatility after the Dollar fell significantly against the majors yesterday afternoon amid the appointment of Hank Paulson as the new U.S Treasury secretary and the release of Consumer Confidence data for the [...]

Following a quiet start to the week with the Bank Holiday, we can expect some market movement over the course of this week with a host of significant data released both in Europe and the States. The Euro made gains against the Dollar yesterday as German Consumer Confidence rose to the highest level in 5 [...]

Following a quiet start to the week, we have seen some market movement over the past 48hrs and there was some significant data released yesterday on both sides of the pond as Sterling received a slightly unexpected boost when the second estimate for GDP showed that the UK economy expanded by 0.6% in the first [...]

The Euro has been boosted against Sterling in the past week by some extremely positive data coming out of Germany and yesterday the single currency made further gains against Sterling as the Ifo Business climate index showed that confidence in Germany remains at a high level despite forecasters anticipating a decline in May following increasingly [...]

The market remained fairly stagnant yesterday following a second successive day without any significant data released either in the UK or the States but we can expect some market movement over the course of the day with the CBI Monthly Trends survey released this morning and forecasters are anticipating a moderate improvement in May following [...]

Without any significant data released either in the UK or the States, the Dollar’s dramatic decline resumed yesterday after what can be considered as an outright rejection of the new lows around the 1.8640 level and the Dollar promptly fell back to close above 1.8800. The recent volatility and lack of appetite for the U.S [...]

Following on from last week, the Euro was given a boost on Friday with German Producer Prices rising by 1% month-on-month in April, which was largely in line with expectations, showing the biggest increase in nearly 24-years as global energy costs continue to soar. This week, the German ifo business climate survey is released tomorrow [...]

Sterling was given an unexpected boost yesterday with UK Retail Sales growing for a third month in April, jumping 0.6% from March and the year-on-year growth rate also rose to 3%, which was well ahead of market expectations. UK house prices gained 2% in the last month, the biggest increase in over 2 years and [...]

Yesterday represented a significant day in terms of market movement and data released with the Pound making further gains against the majors, peaking at 1.9025 against the Dollar and 1.4770 against the Euro after the Bank of England released the minutes of it’s May policy meeting. For a sixth consecutive month outgoing MPC member, Stephen [...]

In recent weeks, the Euro has made significant gains against the Dollar as speculation has intensified that the ECB will lift interest rates from the current 2.50% as the euro-zone economy begins to gain momentum. However, the data released yesterday has cast some doubts over this as the ZEW survey, which focuses on economic sentiment [...]