Exchange Rate Forecasts

The Dollar managed to find some support yesterday, rising 0.2% against the Euro and a modest 0.1% versus the Pound following a report on the U.S housing market, which showed an unexpected rise in the purchases of new homes. Sales jumped by the most in 14-years in April, rising 16% to an annual pace of [...]

The Euro declined for a second consecutive day against the Pound, dropping 0.3% by the close of trading last night while also holding near a six-week low versus the U.S Dollar despite a seemingly positive report on German investor confidence. The ZEW Centre for Economic Research said its index of investor and analyst expectations increased [...]

The Pound managed to claw back some moderate gains against the Euro yesterday but continued to decline versus the U.S Dollar as a gauge of UK house prices advanced at slowest pace in five months. The report yesterday provided a strong indication that an increase in affordable housing combined with higher interest rates are slowly [...]

Following on from last week, the lacklustre performance of the Pound continued despite the hawkish tone of the Bank of England’s quarterly inflation report, which seemed to suggest that a further tightening of monetary policy would be required in the near-to-medium term. That sentiment is expected to be further emphasised in the minutes from the [...]

The Pound came under renewed pressure yesterday, falling 0.4% against the U.S Dollar and a further 0.1% versus the Euro to trade at lowest level in two months following the release of the Bank of England’s quarterly inflation report. The hawkish tone of the Central Bank reinvigorated the chances of another 25 basis point rise [...]

The Pound came under significant pressure against the majors yesterday, dropping close to the lowest level this year versus the Euro and closing last night under 1.9875 against the U.S Dollar. The decline of the Pound was instigated by a drop in consumer price inflation last month, which fell from a decade high of 3.1% [...]

The Pound remained largely unchanged against the majors yesterday, falling a modest 0.1% versus the Euro following a host of positive economic reports as UK producer prices rose for a fifth straight month in April. The so called factory-gate inflation grew 0.5% from the previous month, which underlines concerns within the Bank of England that [...]

Following on from last week, the Pound managed to remain fairly unchanged against the majors on Friday after dropping significantly versus the Dollar following the Bank of England’s decision to lift interest rates by just 25 basis points. In terms of economic data, the Pound received a timely boost on Friday as a report from [...]

The Pound came under severe pressure against the majors yesterday, dropping 0.4% versus the Euro and a further 0.9% against the U.S Dollar despite the Bank of England’s decision to lift UK interest rates to the highest level in six years. Recent reports have suggested that consumer spending, which accounts for a large proportion of [...]

The Pound continued to make significant gains against the majors yesterday, rising 0.4% versus the Euro and the Dollar as we build up to the Bank of England interest rate announcement this lunchtime. The monetary policy committee are widely expected to lift the benchmark lending rate to 5.50%, the fourth quarter-point increase since August last [...]