The Pound has been making steady gains against the Euro over the past week and the UK currency climbed to the highest level in more than an a month yesterday after the Bank of England released its semi-annual financial stability report. The tone and language used in the statement signalled that the worst of the [...]
Exchange Rate Forecasts
May, 2008
The Pound rises above 1.2800 versus the Euro following the release of the semi annual financial stability report
Friday, May 2nd, 2008The Dollar holds steady as the FOMC cut interest rates by a further 25 basis points
Thursday, May 1st, 2008Despite a host of negative economic reports, the Pound staged an unlikely rally yesterday amid reports that HBOS PLC plan to announce a £4 billion rights issue that is designed to help the bank bolster its balance sheet. As we build up to the Bank of England interest rate announcement next week, the Pound has [...]
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