The Pound continued to rally strongly against the Euro yesterday, rising above 1.1000 for the first time in nearly three weeks, while the UK currency also made further gains against a basket of currencies amid speculation that the Bank of England’s aggressive easing in rates will revive the UK economy. The FTSE 100 index of [...]
Exchange Rate Forecasts
January, 2009
The Pound continues to make gains against the Euro after inflation in the Euro-zone contracts by more than initially estimated
Wednesday, January 7th, 2009The Pound enjoys the single biggest one day rally against the Euro on record and also increases 0.5% in value versus the Dollar
Tuesday, January 6th, 2009The Pound enjoyed the single biggest intraday rally against the Euro on record yesterday, while the UK currency also made robust gains versus a basket of currencies amid speculation that the European Central Bank may be forced to continue the pace of monetary easing to limit the impact of the worsening recession. Despite the fundamental [...]
Foreign Exchange Outlook Podcast – 5th January 2009
Monday, January 5th, 2009The foreign exchange outlook podcast returns for 2009 with an update of the currency market news. Today: Why we’re not at parity with the Euro, yet. The US Dollar rebound You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here. If you have any [...]
The Pound drops close to parity against the Euro but sustained weakness in the Euro-zone economy may prompt a rebound over the coming weeks
Monday, January 5th, 2009The focus in financial markets will continue to look at the factors that were the primary driving forces towards the end of 2008 in the depth and durations of the economic downturn in the major world economies and the consequent extent of monetary or quantitative easing. Following on from last week, the Pound slumped for [...]
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