Exchange Rate Forecasts

The Pound slumped against the majority of the major currencies yesterday and the UK currency suffered the sharpest intraday loss versus the Dollar in nearly 16-years, following reports that the U.K government nationalised Bradford & Bingley Plc and seized control of the troubled lender. The escalating financial crisis has seen banks curtail lending and Bradford [...]

The Pound tumbled against the Dollar this morning, suffering the largest intraday loss in over 15-years following reports that the U.K government nationalised Bradford & Bingley Plc and seized control of the troubled lender, which represents Britain’s biggest buy to let mortgage provider and the U.K’s eighth largest bank. The UK currency also fell against [...]

The Pound remained largely unchanged against the Dollar last night but the UK currency relinquished much of the earlier gains overnight as U.S lawmakers argued over the terms of the financial rescue plan, while House Republicans undercut the Bush administration and left it to congressional leaders to thrash out a compromise. The prospective $700 billion [...]

The Pound resumed the upside momentum against the Dollar yesterday while the UK currency also rallied higher versus the Euro after Bank of England policy maker Andrew Sentence said that the MPC must temper its response to the financial crisis and focus on the inflation mandate. Policy makers have faced a difficult balancing act in [...]

The Pound bounced back against the Euro yesterday while the UK currency also held on to the recent gains made versus the Dollar amid concerns that the U.S government’s plan to buy $700 billion in bad debt will fail to bolster the global economy. UK stocks plummeted, led by banks, as the FTSE 100 Index [...]

The Pound continued its upward surge against the Dollar yesterday as the UK currency peaked at 1.8638 by the close of trading last night as the impact of the Fed’s decision to inject $700 billion into on money market on Friday continued to hamper Dollar sentiment. Elsewhere, the Pound actually declined against the majority of [...]

Good Morning, Following on from last week, the Pound rallied for a third day against the Dollar, rising above 1.8300 by the close of trading on Friday following reports that the Lloyds TSB Group agreed to buy HBOS Plc for an estimated £10.4 Billion after shares in the provider lost almost half its market value [...]

The Pound gained for a second day against the Dollar yesterday, rising to a high of $1.8258 during the European session, following reports that Lloyds TSB Group agreed to buy HBOS Plc for £10.4 Billion after share prices in the ailing mortgage provider slumped 85% on Wednesday from the 2007 peak. The Bank considered bailing [...]

The Pound continued to test the resistance above 1.2600 versus the Euro but the UK currency suffered a sharp intraday loss versus the Dollar, falling by the most in two weeks on the session, after the degree of volatility sweeping through financial markets continued and oil prices tumbled a further $4 in New York. In [...]

The Pound relinquished earlier gains against the Dollar yesterday as the turmoil sweeping through financial markets forced the Bank of England to respond with measures to provide some short-term liquidity to the market and inject an additional £5 billion in emergency funding. The UK currency had earlier risen to a high of $1.8127 versus the [...]