The recent revival in Sterling sentiment was cut short yesterday as the UK currency paired losses against both the Euro and the Dollar following a mixed bag of economic data. The overwhelming rise in food and energy costs saw UK factory-gate inflation match the fastest annual pace since 1991 while a separate report showed that [...]
Exchange Rate Forecasts
March, 2008
The Pound declines against the majors despite producer prices increasing at the fastest annual pace since 1991
Tuesday, March 11th, 2008The Dollar declines against the majors following a second monthly drop in U.S Nonfarm payrolls
Monday, March 10th, 2008Following on from last week, the diverging interest rate expectations between Europe and the U.S saw the Dollar plunge to a fresh record low against the Euro while also breaching the 2.00 level versus the Pound as the FOMC slash interest rates by a further 125 pips in the month of February. In addition, the [...]
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