The Pound came within a whisker of touching 2.0500 versus the Dollar yesterday before trading off at the close of trading last night while the UK currency also made modest gans against the Euro despite a host of weak economic data. Consumer credit and a separate report on UK mortgage approvals were both down on [...]
Exchange Rate Forecasts
October, 2007
The Dollar rises against the Euro and the Pound following an unexpected rally in U.S stocks
Tuesday, October 2nd, 2007The Pound continues to decline against the Euro amid reports that Northern Rock sought further funding from the BoE
Monday, October 1st, 2007Following on from last week, the U.S Dollar succumbed to a fresh record low against the Euro, breaching the 1.4200 level by the close of trading on Friday and also recording heavy losses versus the Pound amid a mixed bag of economic reports. U.S consumer spending rose more than initial forecasts in August amid speculation [...]
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