Exchange Rate Forecasts

The Dollar failed to make any gains against the majors yesterday, dropping 0.1% versus the Pound and remaining relatively unchanged against the Euro despite a particularly positive report on U.S consumer sentiment. The Conference Board measure of consumer confidence reached the highest level in nearly five years this month as increased spending was propelled by [...]

The Pound continued to slip against the Euro yesterday and remained relatively unchanged versus the Dollar despite a surprisingly positive report from Hometrack plc, which showed that UK house price inflation had reached the fastest pace in over three years in January. However, the Pound has rebounded sharply overnight as a separate gauge on the [...]

Following on from last week, the Dollar continued to rally against the majors, gaining a further 0.3% versus the Euro and dropping through the major support level at 1.9600 against the Pound following yet another band of positive economic data. A report from the Commerce department showed that the sales of new homes rose by [...]

The Euro managed to make modest gains against the Dollar yesterday and remained unchanged versus the Pound despite of an unexpected fall in German business sentiment in January. The Ifo index was widely expected to increase to a record level for the second month in succession but confidence declined on concern that the value-added tax [...]

The Pound declined heavily against the majors yesterday, falling 0.8% versus the Dollar after a achieving a fresh 14-year high earlier in the week and we closed last night 0.3% lower against the Euro following a surprisingly dovish report from the Bank of England. The catalyst for the decline in Sterling began on Tuesday afternoon [...]

The Pound surged forward yesterday, rising to the highest level since September 1992 against the Dollar and rose to a fresh 4-year high versus the Euro following an industry report, which showed that UK factory-gate prices increased to a 12-year high in January. As a result, Sterling soared to the highest level against the majors [...]

The positive sentiment surrounding the Pound continued yesterday as the Rightmove survey showed that UK house prices rose 0.5% in January while the annual rate was up 13% from this stage last year, which is the fastest growth since October 2004. Despite a further tightening of UK interest rates it seems the sustained and unrelenting [...]

Following on from last week, the Pound continued to rise against the majors, achieving a new two and a half year high versus the Euro and consolidating the recent gains against the Dollar as UK retail sales rose the highest level in 18 months. Faster economic growth and a significant rise in personal income sent [...]

Initially, the Dollar managed to make significant gains against both the Euro and the Pound yesterday but by the close of trading last night, the Dollar was only 0.1% higher against the single currency following a rumour that a U.S warship had been struck by an Iranian missile in the Arabian Gulf. There was a [...]

The Pound continued to climb higher yesterday, jumping to a fresh two and a half year high against the Euro and increased a further 0.4% versus the Dollar following a particularly positive report on the UK labour market. Unemployment claims fell by more than expected in December, falling towards a nine-month low following a significant [...]