Exchange Rate Forecasts

The Pound made significant gains against both the Euro and the Dollar yesterday and with the ECB interest rate announcement due at midday today, it looks increasingly likely that Euro buyers would be well advised to take advantage of the current rate. Sterling firmed up a further 0.4% against the Dollar yesterday and closed towards [...]

The Dollar came under increased pressure yesterday amid the release of some soft consumer sentiment data, which showed that confidence in the U.S had dropped to a nine-month low in August following a dramatic slowdown in the housing market and concerns over rising energy prices that in turn have a negative impact on job prospects [...]

Following on from last week, the Pound received an unexpected boost on Friday as economic growth in the second quarter came in largely in line with expectations although personal consumption increased by 1.0%, which was slightly more than expected and provides an indication that the UK consumer remains in relatively good health despite this month’s [...]

The Euro made significant gains against the Pound yesterday amid the release of the Ifo index, which showed that business confidence in Germany exceeded expectations this month, which has revived speculation that the ECB will lift interest rates twice more this year. The index fell to a reading of 105 in August, which was a [...]

The Euro has been in rapid decline this week following the release of the ZEW index for investor confidence in Germany, which fell for the seventh consecutive month and to the lowest level in 5-years in the month of August. Therefore, the Ifo index, which measures business confidence in Europe’s largest economy, will take on [...]

The Euro came under sustained pressure yesterday, dropping by a further 0.4% against the Pound and falling from a two-week high versus the Dollar. The negative sentiment surrounding the Euro can be attributed to a report from the ZEW centre of economic research, which showed that German investor confidence dropped to lowest level in over [...]

The Pound made significant gains against the majors yesterday, firming 0.8% versus the U.S Dollar and a further 0.3% against the Euro after slumping to a two week low in the midst of some poor economic data, which has severely muted claims that the Bank of England will enter a sustained period of monetary tightening. [...]

Following on from last week, the Dollar has come under increased pressure amid the release of the University of Michigan’s Preliminary index for U.S consumer sentiment on Friday, which showed that confidence unexpectedly dropped in July despite significantly higher petrol prices. The index fell to a reading of 78.7 last month, which was well below [...]

The Pound has come under increased pressure towards the latter part of this week and fell a further 0.3% versus the Euro yesterday, to close under 1.4700 for the first time in nearly a month. Therefore, Euro buyers would be well advised to take advantage of the current market rate because as speculation continues to [...]

The Pound dropped 0.2% against the Euro yesterday to close well under 1.4800 following the release of the minutes from the MPC’s last interest rate announcement where policy makers elected to raise UK interest rates for the first time in 14-months. The committee voted 6-1 in favour of lifting rates in August with the market [...]