Exchange Rate Forecasts

The Dollar has come under renewed pressure over the past trading session, falling 0.1% against the Euro and a further 0.4% versus the Pound following a mixed bag of U.S economic data. Firstly, producer prices rose more than initially anticipated after energy prices accelerated in February and the figures support the Fed’s view that inflationary [...]

In early trade yesterday, the Pound continued to decline against the majors, falling to a fresh eight month low versus the Euro and dropping near the yearly lows against the Dollar despite a strong supply of UK economic data. It appears that Sterling continues to suffer and is proving more sensitive to the unwinding of [...]

The Dollar came under increased pressure against the majors yesterday, falling a further 0.2% versus the Euro and also fell modestly against the Pound following a disappointing report on the U.S retail sector. Growth in sales came in well under expectations in February, increasing just 0.1% from the previous month despite forecasts of a 0.3% [...]

The Pound came under considerable pressure against the majors yesterday, dropping 0.7% versus the Euro and a more modest 0.1% against the U.S Dollar following the resignation of the deputy leader of the House of Commons, Nigel Griffiths, who quit the government in protest at plans to renew the UK’s Trident nuclear weapons system. Initially, [...]

Following on from last week, the Dollar made modest gains against both the Euro and the Pound on Friday after the monthly U.S job report showed that the economy added 97,000 jobs to payrolls last month, which was slightly ahead of expectations, while the unemployment rate surprisingly shrank to 4.5%. Initially, the Dollar managed to [...]

The Euro unexpectedly fell against the majors by the close of trading last night despite the European Central Bank’s decision to raise interest rates for the seventh time in the current tightening cycle following the fastest economic expansion since 2000. However, it was widely anticipated that policy makers would hike rates a further quarter-point with [...]

The Euro managed to make modest gains against the Dollar yesterday and by the close of trading last night was virtually unchanged versus the Pound amid cautious trade ahead of the ECB interest rate announcement and press conference this afternoon. The single currency also managed to shrug off a worse-than-expected report on German manufacturing orders, [...]

The recent positive sentiment surrounding the Dollar diminished yesterday as the U.S currency declined 0.6% against the Pound and fell 0.2% versus the Euro following a worse-than-expected report on the U.S housing market. The National Association of Realtors released their monthly survey, which showed a 4.1% drop in pending home sales in January and provides [...]

The Pound came under increased pressure against the majors yesterday, dropping 0.7% versus the Dollar and falling to the lowest level this year against the Euro following a report on UK service sector growth. The CIPS survey showed that service industries expanded at the slowest pace in five months in February, which will only provide [...]

Following on from last week, the Pound came under considerable pressure against the majors towards the end of the week, dropping to lowest level versus the Euro this year and falling through the trend support at 1.9400 against the Dollar. Following a dramatic fall in the UK stock exchange last week, Sterling has continued to [...]