Exchange Rate Forecasts

Following on from last week, the Pound declined heavily against the Euro, dropping 4.1% to yet another record low of 1.0470 and perilously close to parity amid another historic week for financial markets as the Federal Reserve cut U.S interest rates to a range between zero and 0.25% and investors speculated on the probability of [...]

The Pound plunged to yet another record low against the Euro yesterday, dropping to a low of 1.0703 versus the Euro, while also registering sharp losses versus a basket of currencies following reports that UK jobless claims rose in November at the fastest pace since 1991 and the BoE minutes increased speculation that interest rates [...]

The Pound resumed its downward momentum against the Euro yesterday, dropping to a fresh record low at 1.1056, while the UK currency took advantage of broad Dollar weakness and rallied to a high of 1.5608 last night after an unprecedented announcement from the U.S Federal Reserve. The FOMC slashed the main U.S interest rate to [...]

The Pound slumped to yet another record low against the Euro yesterday before bouncing back towards the end of the session as the UK currency snapped five days of declines versus its European counterpart as investors judged that the losses over the past week were excessive. The Pound tumbled in early trade as the Conservative [...]

The Pound slumped to a record low against the Euro for five consecutive days last week, dropping under 1.1200 on Friday, after HBOS Plc said that bad loans will keep rising as credit conditions deteriorate, signalling that the Bank of England may need to continue to the pace of monetary easing in January. The UK [...]

The declining sentiment surrounding the UK economy sent the Pound crashing to yet another record low against the Euro on Thursday as the UK currency plunged to 1.1230 on the session after an index of manufacturers’ output expectations matched the lowest level in almost 30-years. The Pound has now fallen to the lowest level against [...]

The Pound slumped to yet another record low against the Euro yesterday, falling to 1.1338 on the session following another round of worsening economic data that showed the UK economy may contract at the fastest pace in 18-years during the fourth quarter. The report from the National Institute for Economic and Social Research illustrated the [...]