Exchange Rate Forecasts

GBP/USD GBP/EUR The Pound declined against the Dollar for a fourth consecutive day, as gilts rose and equities dropped, whilst an industry report showed that financial services companies may lose as many as 15,000 jobs in the second quarter. UK stocks fell, sending the FTSE 100 Index to its biggest drop in four weeks, following [...]

GBP/USD GBP/EUR Following on from last week, the Pound was unable to sustain a recovery against the Dollar on Friday, dropping to a one-week low of $1.4270 in New York, after a government report showed that the UK economy sank deeper into a recession in the fourth quarter of last year. The Pound was still [...]

GBP/USD GBP/EUR The Pound attempted a limited recovery in early trading yesterday, with suspicions that selling from the previous day had been over-exaggerated, following the poorly-received gilt auction on Wednesday. However, the UK currency extended its losses against the Dollar yesterday, after a government report showed that retail sales plunged in February by more than [...]

GBP/USD GBP/EUR The Pound was on the defensive against the majors yesterday, amid a combination of economic and market fears, with lows around 1.0670 versus the Euro. While the UK currency also recorded net losses to around $1.4550 against the Dollar after the FTSE 100 Index dropped, as HSBC Holdings Plc said that will cut [...]

The Pound rallied to the highest level in over a month versus the U.S Dollar yesterday, as gilts plunged, following reports that UK inflation unexpectedly accelerated in February. According to the report from the Office of National Statistics, the annual pace of inflation rose in February, as consumer prices climbed 3.2%, amid higher food costs. [...]

GBP/USD GBP/EUR The Pound rallied to a one-month high versus the Dollar yesterday, as the UK currency continued to gain support from the overall improvement in risk appetite, with improved sentiment towards the banking sector also a key supportive factor. The Pound peaked at $1.4650 versus its U.S counterpart, after UK stocks rallied for the [...]

GBP/USD GBP/EUR Following on from last week, the Pound recorded its biggest weekly advance against the Dollar in seven weeks, after the U.S Federal Reserve announced that it would undertake quantitative easing measures and start printing money to buy Treasuries. The Fed’s decision to utilise less conventional techniques to revive the economy is undermining Dollar [...]