Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound found support close to $1.6400 against the Dollar yesterday and pushed higher throughout the course of the day, testing levels near $1.66 in New York. The UK currency also rallied above 1.1800 versus the Euro overnight and recorded a fresh yearly high against the U.S Dollar, as global risk appetite continued to [...]

GBPEUR/GBPUSD Following on from last week, the Pound rallied against the Dollar on Friday, finding support around $1.6400 before improving steadily through the course of the day to challenge resistance levels above $1.6500. The UK currency also rose back towards 1.1750 versus the Euro, as improved economic data in the U.S spurred demand for riskier [...]

GBPEUR/GBPUSD The Pound dropped against the Dollar and the Euro yesterday, as global stocks markets declined for the third day this week and the Bank of England governor Mervyn King said that the UK economic recovery will be slow. The UK currency was unable to rally above the $1.6500 level on Thursday and then weakened [...]

The Pound strengthened against the Euro yesterday, bouncing back from a low of $1.1630 on Tuesday, after banking stocks rallied and the Organisation for Economic Cooperation and Development raised its forecast for UK economic growth next year. The Pound also gained against the lower-yielding currencies, including the Dollar, as we touched $1.66 prior to the [...]

The Pound resumed its downward momentum against the Dollar yesterday and again tested support levels close to $1.6200 and was able to find strong buying support once more near this important technical level, with gains to $1.6500 in New York as the Dollar stumbled. The UK currency declined for a second consecutive day against the [...]

GBPEUR/GBPUSD The Pound declined against the Dollar yesterday, falling back towards the key support level around $1.6200, as a report from Rightmove Plc showed that UK home sellers lowered their asking prices in June for the first time in five months. Stock market losses sapped demand for riskier assets priced in Sterling and that eroded [...]

GBPEUR/GBPUSD Following on from last week, the Pound recorded its longest run of weekly advances against the Euro in over four years, bolstered by gains on Thursday, after the Bank of England Governor Mervyn King said that the UK recession may be easing. The UK currency found support close to the $1.6300 level against the [...]

GBPEUR/GBPUSD The Pound dipped sharply lower against the majors yesterday, briefly falling under 1.1700 versus the Euro, while the UK currency also retested support at $1.62 against the U.S Dollar. Retail sales unexpectedly declined in May for the first time in three months and the Bank of England governor Mervyn King said that any economic [...]