Exchange Rate Forecasts

June, 2007

The Pound rises against both the Euro and the Dollar on specualtion of an impending rate hike

Tuesday, June 5th, 2007

The positive sentiment surrounding the Pound continued yesterday as the UK currency rose a further 0.1% against the Euro but made robust gains versus the U.S Dollar, closing last night well above the 1.9900 level for the first time in four-weeks. From a technical perspective, it seems evermore likely that the Pound will now test [...]

The Pound rises against both the Euro and the Dollar on speculation of an impending rate hike

Tuesday, June 5th, 2007

The positive sentiment surrounding the Pound continued yesterday as the UK currency rose a further 0.1% against the Euro but made robust gains versus the U.S Dollar, closing last night well above the 1.9900 level for the first time in four-weeks. From a technical perspective, it seems evermore likely that the Pound will now test [...]

The Dollar declines as U.S personal spending rises less than forecast

Monday, June 4th, 2007

Following on from last week, the Dollar received a timely boost on Friday after the release of the monthly U.S employment report, which showed that the economy added 157,000 jobs to payrolls last month. The figures were significantly higher than anticipated and the data provides an indication of the strength of the labour market as [...]

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