Exchange Rate Forecasts

The Pound came under intense pressure against both the Euro and the Dollar yesterday and the general consensus is that we could see further downside movement particularly after the damaging omission from the UK office of national statistics yesterday. The ONS announced that a significant error had been made in one of their inflation models, [...]

The Pound came under increased pressure yesterday, trading down against both the Euro and the Dollar following some particularly negative commentary from a member of the Bank of England’s monetary policy committee regarding a further rise in UK interest rates. The Pound has been making significant gains amid increased speculation that the MPC will lift [...]

The Euro lost yet more ground against Sterling yesterday, falling to a new yearly low for the fourth day in succession as we traded above 1.4950 for the majority of the European session. Following a damaging report from the ZEW centre of economic research last week into German investor confidence and the seemingly moderating inflationary [...]

The Euro lost yet more ground against Sterling yesterday, falling to a new yearly low for the fourth day in succession as we traded above 1.4950 for the majority of the European session. Following a damaging report from the ZEW centre of economic research last week into German investor confidence and the seemingly moderating inflationary [...]

Following on from last week, the Pound made further gains against both the Euro and the Dollar to trade above 1.4900 for the first time this year while Sterling also traded above 1.9000 versus the Dollar. That trend looks set to continue in the beginning of this week amid a plethora of significant data released [...]

There is a lot of volatility in the Forex market at present and yesterday the Pound made significant gains against the majors, strengthening to a new-yearly high against the Euro at 1.4910 and we broke above 1.9000 versus the Dollar. The positive sentiment surrounding the Pound began with a better than expected report on the [...]

The Pound made further gains against the majors yesterday, rising to a year high against the Euro following the release of the minutes from the Bank of England’s last policy meeting where the MPC elected to hold UK interest rates at 4.75%. It was widely regarded that the minutes would provide some insight into the [...]

The Dollar came under increased pressure against the Pound yesterday amid some particularly soft U.S data, which may have a bearing on tonight’s FOMC rate announcement. Producer Price Inflation rose by less than anticipated in August with prices excluding food and energy falling to a three-year low, which only reiterates comments from the Fed chairman, [...]

The Dollar made significant gains against the Pound yesterday in the build-up to the FOMC rate announcement tomorrow despite a host of negative economic data that effectively should of hampered any lingering dollar sentiment. Firstly, the U.S current account deficit widened by more than anticipated in the second quarter with the shortfall coming in at [...]

Following on from last week, the Dollar remained firm against the Pound and the Euro on Friday despite some soft inflation data and an unexpected fall in industrial production in the last month. U.S consumer price inflation, excluding food and energy, rose 0.2% in August, which was largely in line with expectations and further emphasises [...]