Exchange Rate Forecasts

GBP/USD GBP/EUR The Pound again took advantage of broad Dollar weakness yesterday, rising to a high of $1.4588 by the close of trading last night, to record the biggest intraday move of the year so far. The UK currency also resisted any move lower against the Euro, as UK stocks rebounded after the U.S Federal [...]

GBP/USD GBP/EUR The Pound plunged to the lowest level in seven weeks versus the Euro and extended that decline overnight to a low of 1.0555, after a government report showed that UK unemployment increased in February at the fastest rate since records began in 1971. The deepening recession is having a profound effect on the [...]

GBP/USD GBP/EUR The Pound’s upside momentum against the Euro ran out of steam yesterday, as the UK currency declined for the first time in three days, to a low of 1.0718 last night, after global stocks markets fell and encouraged investors to seek the security of the “safest” assets. In addition, the Pound also lost [...]

GBP/USD GBP/EUR The Pound to the highest level in over a week versus the Dollar yesterday, rising to a high of $1.4228 on the session, while the UK currency also advanced against the Euro. While, gilts fell following reports that Barclays Bank Plc reported a “strong start” to 2009, spurred by the acquisition on Lehman [...]

Following on from last week, the Pound continued to improve against the Dollar on Friday, finding support at $1.3900 before a move towards $1.4050 in U.S trading. The UK currency also rallied strongly against the Euro amid an improvement in global risk appetite, as stock markets rallied worldwide in anticipation of the G-20 meeting over [...]

The Pound continued to decline against the majors yesterday, dropping under 1.0800 versus the Euro and falling to a low of $1.3710 against the Dollar, after the Bank of England began buying UK government bonds and stock-market losses sapped demand for riskier assets priced in Sterling. The FTSE 100 Index of UK stocks declined 1% [...]

The Pound dropped to a fresh six week low against the Euro yesterday, slipping 0.3% to a low of 1.0770, while the UK currency actually advanced against the Dollar to a high of $1.3906, despite a drop in UK stocks for the first time in four days. The FTSE 100 Index fell 0.6% on the [...]

The Pound fell to the weakest level in over five weeks against the Euro, while the UK currency remained susceptible to the aggressive swings in risk sentiment, after UK stocks gained for the first time in three days, as investors took advantage of the cheapest share prices in 10-years. The benchmark FTSE 100 Index gained [...]