GBP/USD GBP/EUR The Pound rallied to its strongest level versus the Euro in over two weeks yesterday, rising to a high of 1.0970, while the UK currency also remained firm against a basket of currencies, including the U.S Dollar. A report from the Chartered Institute of Purchasing and Supply showed that its UK manufacturing index [...]
Exchange Rate Forecasts
April, 2009
The Pound rallied against the majors, after UK manufacturing climed to the highest level in five months
Thursday, April 2nd, 2009The Pound rallied against the majors, after UK consumer confidence increased to the highest level since May
Wednesday, April 1st, 2009GBP/USD GBP/EUR The Pound resisted a further slump below $1.4200 against the Dollar yesterday, to challenge resistance levels above $1.4306, following reports that UK consumer confidence increased the highest level since May. The Bank of England have slashed interest rates to a record low of 0.5% since October, in a somewhat vain attempt to revive [...]
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