Exchange Rate Forecasts

Following on from last week, the Pound declined heavily versus the Dollar on Thursday and that trend continued into Friday as the UK currency paired losses with most of the 16 most actively traded currencies following the Bank of England’s decision to lower interest rates for the second time in three months. The nine-member monetary [...]

The heightened sense of speculation surrounding the Bank of England interest rate announcement reached fever pitch yesterday as the UK currency posted further losses against the majors in anticipation of the second rate cut in just three months. The nine-member Monetary Policy Committee, led by the governor Mervyn King, elected to reduce the benchmark lending [...]

The Pound continued the downward momentum against the Dollar yesterday, dropping to a low of 1.9556 by the close of trading last night while also recording losses versus the Euro after an industry report showed that UK consumer confidence had fallen to the lowest level in at least three years. Despite the unexpected growth in [...]

The speculation surrounding the Bank of England interest rate announcement has seen the Pound decline against most of the major currencies in the last week and that trend continued yesterday as the UK currency sank below 1.9700 versus the Dollar following a report on UK house prices. According to a report from HBOS Plc, the [...]

Over the past week, the Pound has succumbed to speculation surrounding an impending UK interest rate cut and fallen to a near record low against the Euro while speculation over a U.S led global recession has caused an increased level of volatility across financial markets. Nevertheless, the Pound unexpectedly rose by the most against the [...]