Exchange Rate Forecasts

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]