Exchange Rate Forecasts

The Dollar fell to the lowest level in almost 30-years versus the Pound yesterday and also traded near the all-time highs against the Euro as we build up to the FOMC interest rate announcement this evening. The decision from the Federal Reserve has been greatly debated over the past few weeks with Fed Fund Futures [...]

The Pound’s dramatic appreciation against the Dollar continued yesterday as the UK currency consolidated above 2.0560 and also outperformed the Euro despite a host of negative economic data that supports the Bank of England’s gloomy outlook for the economy. Firstly, a report from Hometrack Ltd showed that UK house prices fell for the first time [...]

Following on from last week, the unrelenting decline of the Dollar continued on Friday as the U.S currency fell to yet another record low against the Euro and traded through the resistance at 2.0560 versus the Pound as we build up to the FOMC rate announcement on Wednesday. In terms of economic data, the Dollar [...]

The overwhelming decline of the Dollar continued yesterday as the U.S currency plummeted to the lowest level on record against the Euro while also trading up through 2.0500 versus the Pound amid speculation that a slowing economy will see the Fed lower interest rates at the end of the month. The Dollar is poised to [...]

By the close of trading last night, the Dollar stood virtually unchanged against the Pound as we continue to test the resistance around 2.0500 while the U.S currency also remains subdued versus the Euro amid a dismal report on the housing market. Sales of existing homes in the U.S fell a further 8% in September [...]

The resurgent Pound roared back against the majors yesterday, reversing almost all of Monday’s losses, although the 2.0500 level has provided some resistance for the pair as we closed last night just under this level. The UK currency also rose significantly against the Euro and looks set to test the trend resistance at 1.4420 as [...]

The Dollar made significant gains against the Pound yesterday, dropping under 2.0300 by the close of trading last night despite a distinct lack of fundamental impetus as the move highlights the speculative nature of the markets in the build up to the FOMC rate announcement. In the aftermath of the surprisingly uneventful G7 meeting over [...]

The Dollar made significant gains against the Pound yesterday, dropping under 2.0300 by the close of trading last night despite a distinct lack of fundamental impetus as the move highlights the speculative nature of the markets in the build up to the FOMC rate announcement. In the aftermath of the surprisingly uneventful G7 meeting over [...]

Following on from last week, the Pound continued the upward momentum against the Dollar on Friday to retest the major resistance around 2.0496 before consolidating just under that level by the close of trading. The UK currency also advanced 0.3% against the Euro amid reports that the economy grew at a faster pace than expected [...]

The Pound rocketed through the resistance level at 2.0440 against the Dollar yesterday and peaked just above 2.0500 following a surprisingly positive report on UK retail sales, which rose more than initial forecasts in September. The fallout from the Northern Rock fiasco has severely dampened consumer confidence and stores have resorted to the biggest discounts [...]