Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound remained largely unchanged against the Euro yesterday, while the UK currency rallied back above $1.5200 versus the Dollar, after UK stocks climbed. The FTSE 100 Index added 0.7% to 4,362.58, the first advance in four days, as banks rebounded from the steepest retreat in more than six weeks, overshadowing the decline in [...]

GBPEUR/GBPUSD The Pound declined heavily against the majors yesterday, briefly dropping under 1.1100 versus the Euro, while UK gilts surged higher, after the Bank of England released its quarterly inflation report. The statement from the Central Bank indicated that the UK economy faces a “slow” and protracted recovery this year and inflation will probably stay [...]

GBPEUR/GBPUSD The Pound rallied to its highest level in four months against the U.S Dollar, rising to a high of $1.5350 in London, while the UK currency also recovered some ground against the Euro, after a host of economic data provided further evidence that the UK economy is past the worst of the recession. According [...]

GBPEUR/GBPUSD Following on from last week, the Pound declined against the Euro for a third day on Friday, after the Bank of England confirmed that it will increase bond purchases, as the UK economy emerges from the worst recession since the Second World War. The Monetary policy committee, led by the governor Mervyn King, will [...]

GBPEUR/GBPUSD The Pound declined against the Euro for a second day yesterday, after the Bank of England confirmed that it will increase bond purchases, as the UK economy emerges from the worst recession since the Second World War. The Monetary policy committee, led by the governor Mervyn King, will increase its asset insurance program by [...]

GBPEUR/GBPUSD The Pound retreated against the majors in early Europe on Wednesday, but still maintained an underlying firm tone, as risk appetite continued to dominate. The UK currency initially declined against the Euro, amid concerns that some of the U.S’s biggest banks will need additional capital, following the Federal Reserve’s stress tests. The Pound also [...]

GBPEUR/GBPUSD The Pound rallied to the strongest level against the Dollar in four months yesterday, rising to a high of $1.5160 in London, as reports showed that the drop in commercial property and UK construction markets is easing. The UK currency also climbed to the highest level against the Euro since April 22nd, as report [...]

GBPEUR/GBPUSD Following on from last week, the Pound rallied towards $1.5000 against the Dollar on Friday, amid a firmer tone in risk appetite that sent global stocks rising higher towards the biggest monthly gain since 1992. The UK currency continued to decline against the higher-yielding currencies but remained relatively firm against the Euro, after German [...]