Exchange Rate Forecasts

The Pound plunged against the Dollar yesterday, dropping through the lowest level in 21 months while the UK currency also registered sharp intraday losses versus the Euro after an industry report from the Royal Institution of Chartered Surveyors showed a further slump in U.K house prices. The credit crunch has brought the housing market to [...]

The Pound extended its decline against the Dollar yesterday, dropping to a low of 1.9069 by the close of the European session, but the UK currency again took advantage of broad Euro weakness to break above 1.2800 for the first time since May. The looming threat of a recession has been graphically highlighted in the [...]

Following on from last week, the Pound slipped to the lowest level in almost two years versus the Dollar amid concerns that the economy is heading towards a recession while UK banks repossessed the highest number of homes in 12-years in the first half of 2008. The UK currency declined for a sixth consecutive day [...]

The Pound rose higher against both the Euro and the struggling Canadian Dollar yesterday despite reports that UK consumer confidence in the economy fell by the most in at least four years last month amid falling home values, rising unemployment and faster inflation. The index published by the Nationwide Building Society showed that sentiment is [...]

The Pound continued to decline against the Dollar yesterday, dropping to the lowest level in seven weeks, as UK industrial production slumped for the fourth consecutive month and increased speculation surrounding the probability of an interest rate cut. According to the report from the Office of National Statistics, factory output fell 0.5% in June despite [...]

The Pound plummeted to a six week low against the Dollar yesterday while the UK currency also declined against the majority of the major currencies, dropping to a low of 1.2589 versus the Euro after a report from HSBC Holdings Plc posted the steepest earnings decline since 2001. Net income for the first half of [...]

The Pound snapped two days of gains against the Euro yesterday while also plunging to a near three week versus the Dollar after a measure of UK consumer confidence slumped to the lowest level on record. The Gfk index fell to a reading of minus 39 last month, below the level reached on the eve [...]