Exchange Rate Forecasts

July, 2009

The Pound advanced the highest level in a month against the Dollar, rising to a high of $1.6550 overnight

Tuesday, July 21st, 2009

GBPEUR/GBPUSD The Pound rose to the highest level in a month against the Dollar, rising to a high of $1.6550 last night, while the UK currency also advanced versus the Euro and Japanese Yen, as stocks rallied and survey showed that demand in the housing sector had picked up. The benchmark FTSE 100 Index rallied [...]

The Pound declined against the majors, as global risk sentiment deteriorated

Monday, July 20th, 2009

GBPEUR/GBPUSD Following on from last week, the Pound declined against the Dollar and the Euro, snapping a three day rally, as investors sought the security of government debt on concerns that the crisis in the world’s banking industry has further to run. The yield spread between two and 10-year securities widened to the most in [...]

The Pound encounters strong resistance against the Euro and the Dollar as concerns over the UK debt position increase

Friday, July 17th, 2009

GBPEUR/GBPUSD The Pound declined against the Dollar yesterday, snapping a three day rally, and UK two-year gilts rose for the first time in three days, as investors sought the security of government debt on concerns that the crisis in the world’s banking industry has further to run. The yield spread between two and 10-year securities [...]

The Pound advanced against the Dollar as global risk appetite continued to improve

Thursday, July 16th, 2009

GBPEUR/GBPUSD The Pound held firm in European trading on Wednesday and gained significant support during the day from the underlying improvement in global risk appetite, as equity markets rallied worldwide. The UK currency rose versus the Dollar, to a high of $1.6439 overnight, while Sterling also held on to recent gains made against the Euro, [...]

Foreign Exchange Outlook Podcast – 15th July

Wednesday, July 15th, 2009

Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]

The Pound rebounds against the majors amid an improvement in risk appetite

Wednesday, July 15th, 2009

GBPEUR/GBPUSD The Pound rebounded against the Dollar yesterday, rising above $1.6300 in New York, while the UK currency also made gains versus a basket of currencies, including the Euro, amid an overall revival in risk appetite that sent UK stock rising from a three-day slump. The benchmark FTSE 100 Index advanced 0.9%, to 4,237.68 led [...]

The Pound rebounds against the majors, as stocks improve overnight

Tuesday, July 14th, 2009

GBPEUR/GBPUSD The Pound extended its decline against the Dollar yesterday, falling under $1.61 in London, while the UK currency briefly dropped under 1.15 versus the Euro after the Sunday Times reported that Lloyds Banking Group Plc may announce further losses, increasing concerns that the worst of the recession has yet to pass. The Pound fell [...]

Foreign Exchange Outlook Podcast – 13th July

Monday, July 13th, 2009

Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]

The Pound declines against the majors as global stocks retreat on concerns that the worst recession may not yet be over

Monday, July 13th, 2009

GBPEUR/GBPUSD Following on from last week, the Pound declined against the U.S Dollar for the second week in succession, falling back towards $1.61 on Friday, as UK stocks slumped to their lowest level in over two months. The UK currency also weakened against a basket of currencies, including the Euro, amid indications that the economy [...]

Foreign Exchange Outlook Podcast – 10th July

Friday, July 10th, 2009

Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]


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