Exchange Rate Forecasts

April, 2009

The Pound declines against the majors ahead of the UK budget on Wednesday

Monday, April 20th, 2009

GBP/USD GBP/EUR Following on from last week, the Pound dropped for a second day against the Dollar on Friday, slipping towards $1.4650 during Asian trading over the weekend, as the UK currency failed to regain the $1.5000 level. Sterling also retreated from a high at 1.1368 versus the Euro, amid pressure for a partial correction [...]

The Euro declines as ECB President Trichet says that he’ll do whatever is necessary to end the crisis

Friday, April 17th, 2009

GBP/USD GBP/EUR The Pound dropped for a second day against the Dollar yesterday, slipping towards $1.4875 in London, as the UK currency failed to regain the $1.5000 level. Sterling also retreated from a high at 1.1368 versus the Euro, amid pressure for a partial correction from the recent gains. The renewed optimism for an economic [...]

The Pound rose above $1.5000 against the Dollar, amid speculation that the the slump in the economy is abating

Thursday, April 16th, 2009

GBP/USD GBP/EUR The Pound rose above $1.5000 against the Dollar for the first time since January and traded at the highest level in eight weeks versus the Euro, amid speculation that the slump in the UK property market has eased over the past month. According to a report from the Royal Institution of Chartered Surveyors, [...]

The Pound rallied against the majors, as risk appetite returned to the market

Wednesday, April 15th, 2009

GBP/USD GBP/EUR The Pound strengthened to a six-week high of 1.1256 against the Euro yesterday, while the UK currency also retained a firm tone against the Dollar, challenging resistance levels above $1.4900. The rally in Sterling resisted pressure for profit taking and a correction, as confidence in the UK economy remains slightly more optimistic and [...]

The Pound rallies against the majors, after stocks bounce back from the first decline in five days

Tuesday, April 14th, 2009

GBP/USD GBP/EUR Following on from last week, the Pound recorded a weekly loss against the U.S Dollar and Japanese Yen, as UK stocks fell for the first time in five weeks, reducing the allure of higher-yielding currencies amid concerns that the global recession is deepening. The FTSE 100 Index fell 1.1% from the high on [...]

The Pound declines against the majors, on speculation that the recession is deepening

Thursday, April 9th, 2009

GBP/USD GBP/EUR The Pound met strong resistance at $1.4740 against the Dollar on Wednesday, while the UK currency was unable to sustain a move beyond 1.1100 versus the Euro, amid speculation that the recession is deepening. Sterling also weakened against the Japanese Yen as UK stocks fluctuated between gains and losses, while the report from [...]

The Pound rallied against the majors following a smaller contraction in UK manufacturing

Wednesday, April 8th, 2009

GBP/USD GBP/EUR The Pound rallied against the majors yesterday, as the UK currency rose to a high of 1.1120 versus the Euro during the European session, despite reports that manufacturing output dropped by the most since comparable records began in 1968. The Pound also stood firm against the U.S Dollar, as the FTSE 100 Index [...]

The Pound declines against the Dollar on concerns that banking losses will increase

Tuesday, April 7th, 2009

GBP/USD GBP/EUR The Pound declined against the Dollar yesterday, after initially rising above $1.4900 earlier in the session, amid concerns that losses at banks will swell and erode the allure of higher-yielding assets. The UK currency also lost ground against the Japanese Yen, as the benchmark FTSE 100 Index of stocks dropped 0.9%, after an [...]

Foreign Exchange Outlook Podcast – 3rd April

Friday, April 3rd, 2009

The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. Today: The G20 1.1 Trillion Dollar package to help stabilize financial markets and boost world trade. TorFX clients may want to take advantage of the Euro trading in the 1.09’s. You can download the podcast directly from here, subscribe [...]

The Pound rallies against the majors, as global stocks increase following the G-20 statement

Friday, April 3rd, 2009

GBP/USD GBP/EUR The Pound strengthened against the Dollar yesterday, rising to a high of $1.4770, whilst the UK currency also touched a high of 1.1000 versus the Euro. Stock markets around the world rallied strongly, with oil and metals also rising, as the Group of 20 leaders met in London to discuss of a cohesive [...]


© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.

Archives

Title: *
First Name: *
Surname: *
Country: *
Telephone: *
Email Address: *
Currency I want: *
Currency I have: *
Service Required: *
Transfer Amount: *
Cash Amount: *
How did you hear about us? *
Who Recommended TorFX to you? *
Who Recommended TorFX to you? *
Please specify. *
I would like to be updated with latest news from TorFX
* required
Title