Exchange Rate Forecasts

October, 2008

The Euro declined heavily against the majors after the ECB President Trichet says that inflationary pressures have “diminished somewhat”

Friday, October 3rd, 2008

The Pound continued to decline against the Dollar yesterday, falling to the lowest level in three weeks after a report from the Nationwide Building Society showed that UK house prices dropped in September by the most since records began in 1991, providing the Bank of England with yet more reason to cut interest rates as [...]

The Dollar rallies to a near 1-year high versus the Euro amid speculation of shift in tone from the European Central Bank today

Thursday, October 2nd, 2008

The Pound declined against the Dollar for a third straight day on Wednesday while the UK currency also relinquished much of the previous day’s gains versus the Euro as the tentative price action surrounding financial markets continues in anticipation of the revised U.S rescue plan. The Bush administration along with the majority of Congressional leaders [...]

The Pound rallies higher against the Euro following reports that Dexia SA was subject to a €6.4 billion bailout

Wednesday, October 1st, 2008

The increased level of volatility that has engulfed financial markets continued yesterday as the Pound enjoyed the biggest daily move against the Euro in seven years after UK stocks rallied amid reports that U.S lawmakers will salvage the $700 billion rescue plan that was rejected by the House of Representatives on Monday. The UK currency [...]

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