Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound declined heavily against the higher-yielding currencies, as an element of confidence returned to financial markets, despite widespread concerns over the spread of swine flu. The UK currency rallied to a high of $1.4812 against the U.S Dollar, as the rise in risk appetite diminished the allure of U.S assets as a haven. [...]

GBPEUR/GBPUSD Good Morning, The Pound remained largely unchanged against the Dollar yesterday, while the UK currency recorded gains against the majority of the 16-most actively traded currencies, after a report from the Confederation of British Industry showed that UK retail sales rose to the highest level in 15-months. A survey of retailers showed a net [...]

GBPEUR/GBPUSD Following on from last week, the Pound found support around $1.4450 against the Dollar on Thursday, while the UK currency also lost ground against the majority of the 16-most actively traded currencies. Investors flocked to the security of safe haven assets like the Japanese Yen and Swiss Franc, after Moody’s Investors Service said that [...]

GBPEUR/GBPUSD The Pound found support around $1.4450 against the Dollar yesterday, while the UK currency also lost ground against the Japanese Yen. Investors flocked to the security of safe haven assets, after Moody’s Investors Service said that the nation’s finances are “deteriorating rapidly” and the government are taking “risks.” The degree of risk aversion sweeping [...]

The Pound declined heavily against the majors yesterday, falling through a number of key support levels to a low of $1.4399 against the Dollar, ahead of UK economic data releases and the budget presentation. The UK currency also registered sharp losses versus the Euro, falling to a low of 1.1120, after the Treasury said that [...]

GBP/USD GBP/EUR The Pound found some support below $1.4500 against the Dollar, rebounding from its lowest level in three weeks, while the UK currency also rallied back towards 1.1300 versus the Euro. UK stocks continued to slide, led by declines in banking shares, but quarterly results from Tesco Plc and Burberry Group Plc increased speculation [...]

GBP/USD GBP/EUR The Pound was unable to make any headway during Asian trading on Monday and slumped to the lowest level in six weeks against the U.S Dollar. The UK currency also suffered a sharp intraday loss against a basket of currencies, as banking shares tumbled and a report from the Confederation of British Industry [...]