Exchange Rate Forecasts

The recent revival in Sterling sentiment was severely tested yesterday as the UK currency recorded the biggest intraday slide in nearly a month versus the Dollar after a report from the Royal Institution of Chartered Surveyors showed that the slump in house prices exceeded initial expectations. The RICS housing index showed that the number of [...]

The Pound rallied higher against the majors on Monday, rising towards 1.2600 versus the Euro by the close of trading while also consolidating above 1.9700 against the U.S Dollar after a report from the Office of National Statistics showed that UK producer prices increased at the fastest pace in at least twenty years last month. [...]

Following on from last week, the Pound plunged to the lowest level in over a week versus the Euro and briefly traded under the 1.9500 level against the Dollar before the release of the U.S non-farm payrolls in report on Friday. As the Bank of England elected to keep UK interest rates unchanged at 5.0% [...]

The Pound fell to the lowest level in two weeks against the Dollar yesterday, closing well under 1.9600 last night after an industry report showed that growth is slowing amid fresh concerns that the downturn in housing and shrinking consumer confidence will send the UK economy to the brink of recession. Service sector growth unexpectedly [...]

The Pound took advantage of broad Euro weakness to breach the 1.2700 barrier by the close of trading last night despite the mounting concerns surrounding the future of the UK’s largest buy-to-let mortgage lender and the biggest slump in the construction industry for at least 11-years. The report from the Chartered Institute of Purchasing and [...]

The recent revival in Sterling sentiment came to a dramatic end yesterday as the UK currency fell by the most in four weeks against the Dollar after reports that Bradford & Bingley Plc plunged by the most since the lender went public in 2000 and plans to sell shares at a 33% discount. The UK’s [...]