Exchange Rate Forecasts

Following on from last week, the Dollar has resumed the upward momentum against the Pound despite a worse-than-expected report on the U.S labour market on Friday. The monthly nonfarm payroll numbers showed that the economy added the fewest amount of jobs to payrolls in over two years in April while the unemployment rate increased to [...]

The recent positive sentiment surrounding the Dollar continued yesterday as the U.S currency rose 0.2% against the Euro and also made significant gains versus the Poundfollowing yet another round of surprisingly positive economic reports. U.S service sector growth accelerated by more than anticipated in April and following the unexpected rise in manufacturing output and factory [...]

The Dollar made widespread gains against the majors yesterday, rising 0.5% versus the Euro and a further 0.4% against the Pound following another band of positive U.S economic data. Following the unexpected rise in manufacturing activity on Tuesday, the U.S currency managed to gain momentum as a separate report called in to question the idea [...]

The Pound managed to increase dramatically against the U.S Dollar yesterday, rising close to the highest level in 26-years to test the resistance level at 2.0070 while also making significant strides forward versus the Euro. The positive sentiment surrounding the UK currency came in spite of a weaker-than-expected report on the manufacturing sector, which grew [...]

The Dollar came under renewed pressure against the majors yesterday, dropping 0.2% versus the Euro and the Pound as the U.S currency struggled to consolidate on the earlier gains following a band of weak economic reports. Firstly, the PCE price index, which represents the Federal Reserve’s preferred measure of U.S inflation, came in lower than [...]