Exchange Rate Forecasts

The Pound slumped to a fresh record low against the Euro yesterday, while the UK currency also fell to a low of $1.4681 versus the Dollar following industry reports that showed UK house prices had slipped to the lowest level since at least 1978. Recent UK fundamentals have illustrated that the economy is slipping deeper [...]

The Pound rose by the most against the Dollar in almost a month yesterday but the UK currency failed to hang on to similar gains versus the Euro despite a worldwide rally in stocks that eroded the appetite for the U.S currency as a safe haven asset. The UK currency also made widespread gains against [...]

Following on from last week, the Pound plummeted to a fresh record low against the Euro, while the UK currency briefly sank under $1.4500 versus the Dollar as 10-year government bonds rose by the most in a decade following the Bank of England’s decision to cut interest rates to the lowest level since 1951. The [...]

The Pound sank to a fresh record low against the Euro yesterday, recording a low of 1.1504 at the end of the session, while the UK currency also declined heavily to the weakest level since 2002 versus the Dollar after the Bank of England cut UK interest rates to the lowest since 1951. An element [...]

The dramatic level of volatility surrounding the Pound continued yesterday as the UK currency slumped against the majority of the majors, despite a pickup in global stocks, as UK service sector growth contracted at the fastest pace in at least 12-years and consumer confidence deteriorated. The Pound plunged towards a fresh record low at 1.1631 [...]

The Pound rallied strongly against the Dollar yesterday, briefly trading back above $1.5000 on the session from a low of $1.4780 as global stocks advanced and rekindled an element of risk appetite that reduced demand for save haven currencies like the Dollar, Japanese Yen and Swiss Franc. The dramatic and often aggressive swings in risk [...]

The Pound plunged against the majors yesterday, relinquishing all of the gains from last week’s unexpected upside move as the deteriorating market conditions and aggressive swings in risk sentiment sent the UK currency crashing towards its biggest one-day loss against the Dollar in over a month. In addition, the Pound came under renewed selling pressure, [...]

Following on from last week, the resurgence of risk appetite was reflected in the positive four day run in U.S stocks and a degree of consolidation on foreign exchange markets subsequently ensued as the Pound clawed back some gains versus the Dollar, rising to a high of $1.5510 despite fears of a crippling recession. Short [...]