Exchange Rate Forecasts

August, 2007

The Euro declines as the ECB releases an unprecendeted amount of funds to avoid a liquidity crisis

Friday, August 10th, 2007

Following the release of the Bank of England’s quarterly inflation report on Wednesday, the Pound rallied strongly against the Dollar but the UK currency reversed much of those gains yesterday as the increased uncertainty in the market continued to rise. The concerns surrounding the U.S subprime mortgage and credit markets are spreading to the stock [...]

Dollar declines against the Pound and the Euro following report that China plan to dump U.S treasuries

Thursday, August 9th, 2007

The Pound found some support against the majors yesterday, snapping a two-day losing streak versus the Euro and the Dollar following the release of the Bank of England’s quarterly inflation report. The monetary policy committee have lifted UK interest rates on five separate occasions since last August in an attempt to bring inflation back towards [...]

The Pound rallys against the majors ahead over the BoE interest rate anouncement

Thursday, August 2nd, 2007

The Pound rallied against both the Euro and the Dollar yesterday, rising 0.3% by the close of trading last night following a stronger-than-expected report on the UK manufacturing sector. Growth in factory output accelerated at the fastest pace in three months in July while a gauge of output prices reached a record level, adding to [...]

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