Exchange Rate Forecasts

The Dollar managed to hold firm against the majors yesterday and even made some unlikely gains against the Pound following a survey released by the Institute of Supply and Management on the U.S service sector. Growth in service industries unexpectedly accelerated in the last month with the non-manufacturing index climbing to a reading of 58.9 [...]

The Pound lost ground against the Dollar yesterday following a distinct lack of UK economic data, ending an 11-day winning streak, which has seen sterling trade at the highest level against the Dollar since September 1992. The recent positive sentiment surrounding the Pound can be attributed to increased speculation that the Bank of England will [...]

Following on from last week, the Dollar continued to decline against the majors, falling to the lowest level in 14-years against the Pound and a fresh 20-month low versus the Euro following a band of weak economic reports and increased speculation that the Federal Reserve will begin cutting U.S interest rates in the fourth quarter [...]

The Dollar continued to slide against the majors yesterday, dropping to a fresh 20-month low against the Euro and fell a further 1% versus the Pound to trade at the lowest point in 14-years following yet another band of poor economic reports. The Purchasing Manager’s index into business activity in the Chicago region fell to [...]