Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound declined against the Euro yesterday, dropping by the most in almost two weeks versus the single currency, while Sterling also found good support around $1.62 against the U.S Dollar, as stocks retreated and risk aversion crept back into the market. The minutes from the Bank of England’s last policy meeting also showed [...]

GBPEUR/GBPUSD The Pound rallied from a one-week low against the U.S Dollar, rising to a high of $1.6480 in New York, while the UK currency also rose to yet another yearly high versus the Euro, after inflation slowed by less initial forecasts. Consumer prices rose 2.2% from a year earlier in May, after higher taxes [...]

GBPEUR/GBPUSD The Pound declined against the Dollar for the second day in succession, falling to a low of $1.6212 in New York, after the Confederation of British Industry said that the nation’s economy won’t grow until next year. The UK currency also lost ground against the Japanese Yen and Swiss Franc, as the FTSE 100 [...]

Following on from last week, the Pound rallied to the highest level this year against the Euro, rising above 1.1700 for the first time since December, while the UK currency also found support around $1.6350 versus the Dollar. Government bonds slid, pushing the 10-year yield above 4% for the first time in nearly seven months, [...]

GBPEUR/GBPUSD The Pound rallied to the highest level this year against the Euro, rising above 1.1700 for the first time since December, while the UK currency also found support around $1.6350 versus the Dollar. Government bonds slid, pushing the 10-year yield above 4% for the first time in nearly seven months, after Bank of England [...]

The Pound has rallied to the highest level this year against the Euro, as the UK currency breached 1.1700 for the first time since November last year and moved to test so called resistance levels around 1.1764. The UK currency also retained a solid tone against the U.S Dollar, pushing above $1.6400, amid an improvement [...]

The Pound bounced back against the majors yesterday, rising towards the highest level in almost a week versus the U.S Dollar, as overall confidence in the UK economy remained slightly stronger following recent favourable trends in the housing sector. The Royal Institution of Chartered Surveyors reported that the UK housing market is “stabilising”, stoking optimism [...]

GBPEUR/GBPUSD The Pound maintained a generally weaker tone in Europe yesterday, dropping to lows close to $1.5800 against the Dollar, the lowest level in more than a week. The Prime Minister Gordon Brown confronted fresh attempts to oust him following a drubbing for the Labour Party in the European Union parliamentary elections. Brown meets with [...]