Exchange Rate Forecasts

November, 2008

The Pound bounces back against the majors amid suggestions that last week’s decline was ‘overdone’

Tuesday, November 18th, 2008

The Pound bounced back from an all-time record against the Euro yesterday and also rallied from the weakest level in six years versus the Dollar as investors judged its recent declines as excessive considering the increasing likelihood that other central banks will match the pace of the Bank of England’s rate cuts. The UK currency [...]

The Pound crashes against the majors ahead of the MPC minutes from the Bank of England on Wednesday

Monday, November 17th, 2008

Following on from last week, recent negative rhetoric from the Bank of England undermined confidence in the Pound to the degree where Sterling fell to the lowest level on record against the Euro and sank to 6-year low versus the Dollar. The UK currency suffered its biggest weekly decline against its European counterpart since common [...]

The overwhelming decline in Sterling continues as the UK currency falls to a record low against the Euro

Friday, November 14th, 2008

The monumental decline in the value of the Pound shows signs of accelerating as the UK currency slumped to yet another record low versus the Euro, falling to 1.1548 at the close of trading last night, amid mounting evidence that that the UK economy is entrenched in the worst recession since the end of the [...]

The Pound plunges to new depths against the Euro, falling under 1.2000 for the first time on record following King’s comments

Thursday, November 13th, 2008

The negative sentiment surrounding the Pound took on a fresh impetus yesterday as the UK currency slumped to a fresh record low against the Euro and breached below the $1.5000 level versus the Dollar for the first time since 2002 after the Bank of England indicated that policy makers will keep reducing interest rates. The [...]

The Pound again slumps to a record low versus the Euro after UK home sales plummet and add to evidence that the economy is in a recession

Wednesday, November 12th, 2008

The negative sentiment surrounding the Pound is gathering momentum as the UK currency registered further declines against the Dollar yesterday and plunged to yet another record low versus the Euro after UK home sales slumped and added to recent evidence that the economy is falling deeper into a recession. The Pound also declined against the [...]

Currency Market News Podcast

Tuesday, November 11th, 2008

Against all the odds a second Currency Market News podcast has been released. This week: The US Election Result The Bank of England 1.5% rate cut A new low against the Euro for the pound You can download the MP3 file here or subscribe now. We’re also on iTunes! For more information on anything in [...]

The Pound slumps to a fresh record low against the Euro after UK home sales plunge to the lowest level in at least thirty years

Tuesday, November 11th, 2008

The Pound slumped to a fresh record low against the Euro yesterday and the UK currency also recorded sharp losses versus a basket of currencies, including the U.S Dollar, as an industry report confirmed that UK home sales dropped to the lowest level in at least thirty years. According to the report from the Royal [...]

The Pound recorded the biggest weekly loss against the Euro since December 2004 after the Bank of England slashed interest rates 1.5%

Monday, November 10th, 2008

Following on from last week, the Pound suffered its biggest weekly decline against the Euro since December 2004 after the much larger-than-forecast interest rate cut by the Bank of England increased concerns that the UK economy is heading for prolonged and deep recession. The UK currency also posted a weekly drop versus the Dollar after [...]

The Pound rallies higher against the Euro after the Bank of England slash interest rates by an unprecedented 1.5%

Friday, November 7th, 2008

The Pound rose higher against the Euro yesterday, touching a high of 1.2492, after the Bank of England cut UK interest rates by a much greater-than-forecast 1.5% to bring the benchmark lending rate to the lowest level since 1955 and fuelled optimism that the faltering economy will recover faster than expected. In the aftermath of [...]

The Pound made gains against the Dollar yesterday as the U.S currency retreated in the wake of Barack Obama’s historic victory

Thursday, November 6th, 2008

In the wake of Barack Obama’s history victory in the U.S Presidential Election, global stocks and commodity markets retreated for the first time in seven days after disappointing earnings growth overshadowed speculation that the new President elect will boost the U.S economy with a stimulus package. UK stocks fell for the first time in seven [...]


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