Exchange Rate Forecasts

The Pound remained largely unchanged against the Euro yesterday but continued the downward move versus the Dollar despite a stronger-than-expected report on the UK housing market and evidence of a revival in mortgage approvals. Recent surveys from Rightmove plc and Nationwide have shown that house prices rose at the slowest pace in 15-months in June, [...]

The Pound rose to yet another 26-year high against the Dollar yesterday, rising 0.3% on the session before easing back towards 2.0620 by the close of trading last night. The UK currency also made strong gains versus the Euro and briefly traded above 1.4925 for the first time since February despite an unexpected drop in [...]

The dramatic appreciation of the Pound continued yesterday as the UK currency rallied to a fresh 26-year against the Dollar and also rose 0.4% versus the Euro following a stronger-than-expected report on UK inflation. Consumer prices increased 2.4% year-on-year in June, which was the lowest in eight months, after gaining 2.5% in May but initial [...]

The positive momentum surrounding the Pound continued yesterday as the UK currency rose to yet another 26-year high against the Dollar and looks to set to continue making gains amid increased speculation that UK interest rates will rise to 6.0% by the end of the year. Despite the fundamental lack of economic data, the Pound [...]

The Pound continued to make substantial gains against the Dollar yesterday, rising 0.6% on the session to close last night at the strongest level in over 26-years. Earlier in the day, the positive sentiment surrounding the Pound continued as UK retail sales increased by the most in three months in June, proving that consumer spending [...]

The Pound rose modestly against the Dollar yesterday and also made significant gains versus the Euro following a report on producer prices, which showed that UK factory-gate inflation rose for a seventh consecutive month. One of the primary concerns within the Bank of England’s monetary policy committee has been the consistent increase in producer prices, [...]

Following on from last week, the Pound rose to the highest level in 26-years against the ailing U.S Dollar as the Bank of England raised UK interest rates for the fifth time in under a year and to the highest level since 2001. The nine-strong monetary policy committee, led by the governor of the Bank [...]

The Pound declined against the Dollar and the Euro yesterday as Bank of England policy makers raised UK interest rates for the fifth time in 11-months and to the highest level in six years at 5.75%. The nine-strong monetary policy committee voted that a further 25 basis point hike would be necessary in order to [...]

The Pound advanced to a fresh 26-year high against the Dollar yesterday, trading as high as $2.0207 on expectations that the Bank of England are poised to raise UK interest rates tomorrow and signal further increases over the coming months. Elsewhere, the Pound stood 0.1% higher against the Euro by the close of trading last [...]

The Pound lost ground against the Euro yesterday dropping 0.4% by the close of trading last night although the UK currency rose for the sixth consecutive day versus the Dollar and reached the highest level 26-years. Growth in the UK manufacturing sector unexpectedly slowed in June, which suggests that higher interest rates and a strong [...]