Exchange Rate Forecasts

Following on from last week, the Pound declined against the Euro as a strong element of risk aversion saturated the market and the weakening tone of UK fundamentals increased speculation that the Bank of England will cut interest rates at a faster pace that the European Central Bank to stimulate the economy. The Pound met [...]

The Pound rallied against the Euro yesterday after the European Central Bank lowered its benchmark lending rate to 2.0% and to the lowest level since 1999, prompting speculation that the Central Bank will continue lowering interest rates while the Bank of England nears the end of its monetary easing cycle. The ECB reduced its main [...]

The Pound rebounded against the majors yesterday, rising to a high of 1.1134 versus the Euro, while the UK currency also made gains against the majority of the 16 most actively traded currencies, despite UK stocks falling for a sixth straight day as a strong element of risk aversion returned to the market. The FTSE [...]

The Pound declined against the Dollar yesterday and also snapped a five-day gain versus the Euro as stocks and equities slid for a fourth day, while the Confederation of British added to recent evidence of a widening economic slump that may force the Bank of England to continue cutting interest rates towards zero per cent. [...]

Following on from last week, the Pound enjoyed its biggest weekly advance against the Euro since the single currency’s introduction in 1999, while Sterling also recorded substantial gains versus a basket of currencies, including the Dollar, amid speculation that the UK economy will recover quicker than initially anticipated. The Bank of England cut interest rates [...]

The Pound continued its upside momentum against the majors, rising to a fresh three week high of 1.1239 versus the Euro, while the UK currency also extended recent gains made against the Dollar after the Bank of England cut its benchmark lending rate to a record low at 1.5% in an attempt to limit the [...]

The Pound rallied to a high of 1.1153 versus the Euro last night, while the UK currency also made strong gains against the Dollar and all of the 16 most actively traded currencies as an element of risk aversion returned to the market with global stocks falling for the first time this year after six [...]