Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound declined against the Euro yesterday, ending a two-day advance, while the UK currency also found strong support around $1.5850 versus the U.S Dollar, after outgoing Bank of England policy maker David Blanchflower said that he doubted whether the UK economy would grow this year or next. Blachflower’s pessimistic outlook for the economy [...]

GBPEUR/GBPUSD The Pound briefly traded above 1.6000 versus the U.S Dollar for the first time in nearly seven months, while the UK currency also rallied to a high of 1.1544 against the Euro, amid increased optimism that the worst of the recession is over, stoking demand for British denominated assets. Sterling extended its rally throughout [...]

GBPEUR/GBPUSD The Pound rallied strongly against the Euro yesterday, rising towards 1.1400 by the close of trading last night, while the UK currency also tested resistance at $1.6000 versus the Dollar, amid speculation that Britain’s financial institutions may weather the financial crisis better than their counterparts in Europe. Sterling moves were again influence by degrees [...]

GBPEUR/GBPUSD Following on from last week, the Pound declined against the majors on Thursday, dropping towards the support at 1.1270 against the Euro and $1.5500 versus the Dollar, after Britain’s top level credit rating said that it is more likely to be cut by Standard & Poor’s, as the government’s finances deteriorate, following the worst [...]

GBP/USD GBP/EUR The Pound initially declined against the majors yesterday, dropping towards the support at 1.1270 against the Euro and $1.5500 versus the Dollar, after Britain’s top level credit rating said that it is more likely to be cut by Standard & Poor’s, as the government’s finances deteriorate, following the worst recession since the Second [...]

GBPEUR/GBPUSD The Pound rallied to the highest level this year against the Dollar, as oil prices surged above $60 a barrel and stock market gains persisted on speculation that the worst of the recession may be over. The UK currency also challenged resistance levels above 1.1400 against the Euro, after the minutes from the Bank [...]

GBP/USD GBP/EUR The Pound rallied to the highest level this year against the U.S Dollar, rising to a high of $1.5500 in New York, while the UK currency also strengthened for a third straight day against the Euro, after ICAP Plc posted increased revenue. Marks & Spencer Group Plc’s net income beat analyst’s initial estimates, [...]

GBPEUR/GBPUSD The Pound rallied strongly against the Euro yesterday, rising 1.2% in London, while the UK currency also breached resistance around $1.5350 against the U.S Dollar, after an industry report showed that UK home sellers raised asking prices in May by the most in over a year. According to the report from Rightmove Plc buyers’ [...]

GBPEUR/GBPUSD Following on from last week, the Pound rallied back above 1.1200 against the Euro, while the UK currency declined against the Dollar, after U.S stocks fell by the most since March. The Standard & Poor’s 500 Index reached the priciest level relative to earnings in seven months. Ford Motor Co and U.S Bancorp declined [...]