Exchange Rate Forecasts

Following on from last week, the Dollar continued to fall against the majors on Friday and dropped to the lowest level against the Pound in over eight weeks despite a seemingly positive report on the U.S trade balance. The shortfall in trade came in at $58.4 billion against forecasts of a rise towards $60.0 billion [...]

The Dollar came under renewed pressure against the majors yesterday, dropping to the lowest level in well over two years versus the Euro while also declining to a fresh eight-week low against the Pound despite a seemingly hawkish report from the Federal Reserve. The minutes from the last FOMC rate announcement showed that policy makers [...]

The Pound continued to rise against both the Euro and the Dollar yesterday, trading close to a six-week high versus the U.S currency following a report from the UK Treasury, which announced that a plan was in effect to allow British multi-nationals to repatriate billions of foreign profits tax free. The Pound continued to make [...]

The Pound continued to rise against both the Euro and the Dollar yesterday, trading close to a six-week high versus the U.S currency following a report from the UK Treasury, which announced that a plan was in effect to allow British multi-nationals to repatriate billions of foreign profits tax free. The Pound continued to make [...]

Despite the Bank of England’s decision to keep UK interest rates unchanged last week, the Pound has managed to rebound sharply against the majors, increasing 0.6% versus the Dollar and 0.3% against the Euro following heightened speculation of further monetary tightening next month. With the housing market still showing gains in prices combined with above-trend [...]

Following on from last week, the Dollar managed to bounce back against the Euro and the Pound on Friday following the release of the monthly U.S job report, which showed that the economy added more jobs to payrolls than anticipated in March. Recent reports have provided some optimism that a strengthening labour market will offset [...]

The Pound managed to consolidate on the recent gains made against the Dollar, firming an additional 0.1% versus the U.S currency but Sterling fell 0.2% against the Euro by the close of trading last night as we build up to the Bank of England rate announcement this lunchtime. The decision from the monetary policy committee [...]

The Pound continued to appreciate against the majors yesterday, rising to the highest level in 10 weeks versus the Dollar and also achieved a one-month high against the Euro as we build up to the Bank of England rate announcement tomorrow. The decision from the monetary committee policy is finely balanced with the market seemingly [...]

The positive sentiment surrounding the Pound continued yesterday as the UK currency rose to the highest level against the Dollar in two months and also climbed 0.3% versus the Euro amid speculation that the Bank of England could surprise the market with a further quarter-point rate increase this week. Following a significant rise in retail [...]

Following on from last week, the U.S Dollar failed to consolidate on the initial gains made against the Euro and the Pound after a gauge of business activity showed an unexpected increase in consumer spending while a rising inflation reduces the prospect of a cut in interest rates over the coming months. The Personal income [...]