Exchange Rate Forecasts

The Pound resumed its upside momentum against the Dollar yesterday, rising to a high of $1.5510 on the session, while the UK currency also strengthened for a third straight day versus the Euro after a bounce in global stocks helped boost demand for risk appetite and spur demand for higher yielding assets. Sterling subsequently climbed [...]

The Pound rallied to a high of $1.5478 versus the Dollar yesterday and the UK currency also reached a high of 1.1953 against the Euro as government bonds rose and sent the 10-year gilt to the lowest level in almost 20-years following a report that UK consumer spending declined by the most since 1995. The [...]

The Pound bounced back against the majors yesterday, rising above $1.5400 against the Dollar, while the UK currency also rallied from a low of 1.1675 versus the Euro after gains in stocks and an unprecedented injection of liquidity from the Federal Reserve boosted demand for higher-yielding assets. The surprising momentum surrounding the Pound saw the [...]

The Pound declined against the Euro yesterday, falling to a low of 1.1714 on the session, after the UK government announced plans to sell a record amount of debt in the next fiscal year, while ten-year gilts snapped four days of consecutive gains as the cost of hedging against losses on government bonds rose to [...]

Following on from last week, the Pound endured another turbulent week against the majors with the UK currency unable to sustain any positive momentum versus the Euro and the Dollar as a sense of risk aversion stalked the market and speculation grew over the prospect of another UK interest rate cut in December. Nevertheless, the [...]

The Pound was unable to sustain the surprising upside momentum against the Dollar from Wednesday as the UK currency relinquished all of the previous day’s gains, falling back under $1.4700 against the Dollar, and not even a smaller-than-expected drop in UK retail sale could limit the decline. The UK currency also declined by the most [...]

The Pound enjoyed a significant intraday rally against the Dollar yesterday, rising as high $1.5247 on the session, before falling back under $1.5000 at the close of trading last night, while the UK currency also met resistance just under 1.2000 versus the Euro following the release of the minutes from the BoE’s last policy meeting. [...]

The Pound was unable to sustain Monday’s momentum against the majors yesterday as the UK currency found strong resistance at $1.5000 against the Dollar and also fell back under 1.1900 versus the Euro as traders speculated that the bounce may have been nothing more than a technical consolidation before a further downside move. Sterling sentiment [...]