Exchange Rate Forecasts

The Pound declined to the lowest level in two weeks versus the Dollar yesterday but the UK currency remained largely unchanged against the Euro following the release of the minutes from the Bank of England’s last policy setting meeting, which showed that all of the members voted unanimously to cut UK interest rates in February. [...]

The Pound declined to the lowest level in two weeks versus the Dollar yesterday but the UK currency remained largely unchanged against the Euro following the release of the minutes from the Bank of England’s last policy setting meeting, which showed that all of the members voted unanimously to cut UK interest rates in February. [...]

The Pound rallied for a third straight day against the Euro, while the UK currency also registered gains against the majority of the 16 most actively traded currencies after a report from the Office of National Statistics showed that the annual pace of UK inflation fell last month by less than initial forecasts. Consumer prices [...]

The Pound declined against the Dollar yesterday, dropping under $1.4200 by the close of trading last night, while the UK currency also remained in a tight trading range versus the Euro after the Group of Seven finance ministers failed to provide any reference to Sterling in the statement after the weekend meeting in Rome, indicating [...]

The Pound rallied against the Dollar on Friday, snapping a three-day decline versus its U.S counterpart, while the UK currency also registered gains against the Euro and Japanese Yen following a revival in the UK stock market that sparked a demand for riskier currencies. The benchmark FTSE 100 Index rose by the most in a [...]

The Pound declined against the majors for a third consecutive day yesterday, as the UK currency plummeted to a low of 1.1025 versus the Euro and 1.4256 against the Dollar amid renewed concerns that the UK economic slump is worsening, as policy makers prepare to cut interest rates again in March and the current environment [...]

The Pound continued to tumble against the majors yesterday, falling towards a low of 1.1058 versus the Euro, while the UK currency also breached 1.4300 against the Dollar as the pessimism surrounding the outlook for the economy intensified and the Bank of England governor Mervyn King conceded that the UK is slipping into a “deep [...]