Exchange Rate Forecasts

The renewed bearish sentiment surrounding the Pound continued yesterday as the UK currency plummeted 0.9% against the Dollar and recorded significant losses versus the Euro following two consecutive days of gains. A report from Nationwide Building Society showed that UK house prices dropped by the most in 12-years this month while mortgage approvals fell to [...]

The Dollar came under renewed pressure against the Pound yesterday and suffered a sharp intraday reversal versus the Euro having fallen to a low of 1.4712 earlier in the session. The volatility surrounding U.S stocks has seen the Dow rally 500 points over the past two trading days and recent comments from a number of [...]

The negative sentiment surrounding the Dollar has seen the U.S currency plummet to fresh multi-year lows against all of the 16 most actively traded currencies as the Federal Reserve continue to lower interest rates to provide some relief to the ailing U.S economy. Nevertheless, the Dollar stemmed any further losses against the majors yesterday as [...]

The Pound snapped a three day losing streak against the Euro yesterday and also made gains versus the ailing U.S Dollar despite the distinct lack of UK economic data due for release this week. Therefore, Sterling sentiment will be largely dependent on the economic fundamentals in Europe and the U.S and the market’s demand for [...]

Following on from last week, the outlook for the Pound deteriorates almost by the day as the UK currency continued to slide against most of the 16 most actively traded currencies following reports that UK economic growth unexpectedly slowed. Gross domestic product rose 0.7% in the third quarter, which fell slightly below initial forecasts and [...]

The Thanksgiving holiday has seen a lot price action surrounding financial markets and yesterday the Dollar dropped to the lowest level ever recorded versus the Euro amid speculation that U.S credit market losses will force the Federal Reserve to lower interest rates. The FOMC have lowered the benchmark lending rate by 75 basis points over [...]

The renewed weakness in Sterling continued to dominate the market yesterday as the UK currency plummeted to the lowest level in four years versus the Euro following reports that Bank of England policy makers voted 7-2 to keep UK interest rates unchanged this month. The majority of the nine-strong committee agreed that further evidence was [...]

The Pound unexpectedly performed very well against the majors yesterday, rising back above 2.0600 versus the Dollar and briefly trading above 1.4000 against the Euro as we build up to the release of the minutes from the Bank of England’s last policy meeting. The overwhelming decline in Sterling sentiment has seen the UK currency fall [...]

The renewed weakness in the Pound continued yesterday as the UK currency declined against all but one of the 16 most actively traded currencies following reports that UK house prices dropped in every region of the country except London. The average cost of a home dropped 0.7% this month and the report from Rightmove plc [...]

Following on from last week, the Pound extended its losses versus the majors on Friday, dropping back towards 2.0400 against the Dollar and consolidating under 1.4000 versus the Euro following a dismal report on UK consumer spending. Retail sales unexpectedly declined for the first time in nine months in October as concerns over a renewed [...]