Exchange Rate Forecasts

The Pound came under sustained pressure against the majors yesterday, dropping 0.6% versus the Dollar and more significantly a further 0.7% against the Euro as we fall back towards the major support level just above 1.4975. Sterling declined heavily following the Bank of England interest rate announcement where the monetary policy committee elected to hold [...]

The Pound came under pressure against the majors yesterday, falling modestly versus the Dollar and by the close of trading last night had fallen 0.4% against the Euro following a worse-than-expected report on UK factory production. Industrial output slipped 0.1% in December after gaining a revised 0.4% the previous month but the gauge of manufacturing [...]

Sterling advanced against the majors, firming an additional 0.5% versus the U.S Dollar and by the close of trading last night increased 0.2% against the Euro following the report from the British Retail Consortium, which showed that strong consumer spending continued after the Xmas period. The annual growth rate in like-for-like sales increased beyond expectations [...]

The Pound declined against the majors yesterday, falling 0.3% versus the Dollar and dropping modestly versus the Euro following a worse-than-expected report on the UK service sector. Growth in services, which accounts for the largest proportion of economic growth, moderated from a 10-year high in January after the BoE raised interest rates three times since [...]

Following on from last week, the Dollar came under a modest amount of pressure on Friday following the release of the monthly U.S job report, which showed that the economy added 111,000 workers to payrolls in January while the unemployment rate unexpectedly rose. The jobless rate increased to 4.6% and slower growth in the U.S [...]

The Dollar came under further pressure yesterday, falling an additional 0.4% against the Pound but managed to rise modestly versus the Euro by the close of trading last night following a mixed bag of U.S economic data. Initially, the Dollar tumbled following the release of the Institute of Supply & Management’s index on U.S manufacturing, [...]

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