Exchange Rate Forecasts

The Pound rose above the $2.00 barrier against the Dollar yesterday and also picked up some unlikely gains versus the Euro despite UK mortgage approvals falling by a third in February as higher credit costs deterred homebuyers. The report from the British Bankers’ Association showed that lenders granted just 43,870 loans last month, down 33% [...]

The renewed sense of instability surrounding financial markets coupled with the deteriorating outlook for the U.S economy saw the Dollar decline yesterday against almost all of the 16 most actively traded currencies. The underlying weakness in the U.S currency can also be attributed to speculation that the Fed will lower interest rates by a further [...]

Following on from last week, the Pound slumped to a fresh record low against the Euro and also registered sharp losses versus the U.S Dollar, plummeting through the $2.00 barrier amid an increased level of market volatility. Growing concerns over the economy and dwindling consumer confidence led to speculation that a number of financial institutions, [...]

The dwindling sentiment surrounding the Pound continued yesterday as the UK currency declined against all of the 16 most actively traded currencies following the release of the minutes from the Bank of England’s last policy meeting. The dovish tone of the report saw only seven out of the nine member committee voting to keep interest [...]

In the build up to the FOMC rate decision last night, the Dollar extended its losses against the Euro and also slumped to 2.0200 versus the Pound amid speculation that policy makers would slash interest rates by a whole percentage point in an attempt to restore some confidence to the market. The demise of the [...]

The overwhelming decline in Sterling sentiment saw the Pound crash to fresh record low against the Euro yesterday as UK stocks tumbled by the most in two years following reports that the fifth largest U.S securities firm fell into liquidation. The level of volatility surrounding financial markets at present has prompted investors to seek lower [...]

The Pound has fallen by the most in six years against the Euro this morning and to the lowest level on record after news broke that the Federal Reserve has cut its discount lending rate in an emergency meeting over the weekend. The Pound also tumbled against the Dollar this morning, testing the support around [...]

The increased level of volatility surrounding the Pound continued yesterday as the UK currency staged a strong intraday reversal against the Dollar and remained almost unchanged versus the Euro despite the distinct lack of UK economic reports. The heightened inflationary concerns have all but diminished the prospect of an aggressive easing of interest rates and [...]

The Pound continued the upward momentum against the Dollar yesterday, rising to the highest level in three months at 2.0353 while the UK currency also snapped a two-day losing streak versus the Euro after the UK trade deficit narrowed by more than expected. The overall weakness in Sterling pushed up exports to the highest level [...]

The Pound struggled against the majors for a second day in a row yesterday as a barrage of mixed economic data renewed concerns that the UK economy is slowing as the RICS house price balance came in much lower than expected. According to a report from the Royal Institution of Chartered Surveyors, the number of [...]