Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound rallied back against the Dollar yesterday, rising towards the resistance level at $1.6551 overnight, while the UK currency also made tentative gains versus the Euro, after a report showed that UK house prices climbed in July for a third straight month. According to the report from Nationwide Building Society, house prices increased [...]

GBPEUR/GBPUSD The Pound rallied well above 1.16 versus the Euro last night but the UK currency was unable to regain the $1.65 level against the U.S Dollar and dipped to lows around $1.6350 as the U.S currency secured wider support. Global equity markets were still relatively firm in Europe with banking shares rising and this [...]

GBPEUR/GBPUSD The Pound advanced against the Dollar yesterday and challenged so-called resistance levels near $1.6550 in London, as global stocks rallied for a 12th straight day. Standard Chartered Plc also raised its forecast for the UK currency and the Pound subsequently rallied to its highest level in three days versus the U.S Dollar and recorded [...]

GBPEUR/GBPUSD The Pound rallied for the first time in three days against the Dollar yesterday, increasing 0.4% in London to a high of $1.65, as widespread U.S currency weakness allowed a challenge above significant resistance levels. Sterling also secured support from the overall improvement in global risk appetite, as UK stocks climbed and extended the [...]

GBPEUR/GBPUSD Following on from last week, the Pound traded close to the highest level this month against the Dollar, touching a high of $1.6580 on Thursday, as improvements in retail sales and mortgage approvals prompted speculation that the recession is abating and the Bank of England will increase interest rates. The UK currency also rose [...]

GBPEUR/GBPUSD The Pound traded close to the highest level this month against the Dollar, touching a high of $1.6580 in London, as improvements in retail sales and mortgage approvals prompted speculation that the recession is abating and the Bank of England will increase interest rates. The UK currency also rose for a second day against [...]

The Pound plunged close to its lowest level in over a week against the Euro yesterday, while the UK currency also recorded further losses against the Dollar, amid reports that UK house price declines will persist until 2012. The National Institute of Economic and Social Research said that house prices will decline as the economy [...]

GBPEUR/GBPUSD The Pound declined significantly against the U.S Dollar yesterday, falling to a low of $1.6310 during Asian trading, as a report showed that the UK’s budget deficit climbed in June to the most for the month since comparable records began in 1993. The UK currency also lost ground against the Euro, falling towards 1.1500 [...]