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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …


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