Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound fell for a fourth straight day against the U.S Dollar yesterday, while the UK currency also touched a fresh 3-month low of 1.1329 versus the Euro. The Confederation of British Industry reported that business investment and consumer spending data added to recent evidence that the UK recession may have further to run. [...]

The Pound for a sixth consecutive day against the Euro yesterday, while the UK currency also dipped under $1.62 versus the U.S Dollar, amid speculation that the UK economic recovery will lag behind that of other major economies. The Pound weakened to a low of 1.1360 for the first time since June, after reports in [...]

GBPEUR/GBPUSD The Pound sank to a low of 1.1400 versus the Euro yesterday, approaching the weakest level in 11-weeks, while the UK currency also traded lower versus the U.S Dollar, closing towards 1.63 last night, as UK stocks retreated from a 10-week high. The benchmark FTSE 100 Index lost 0.4% in London, as falling metal [...]

GBPEUR/GBPUSD The Pound continued to decline against the majors yesterday, dropping to an 11-week low versus the Euro at 1.1450, while the UK currency also lost further ground against the U.S Dollar. Sterling has also fallen to yearly lows versus the Australian and New Zealand Dollar, amid speculation that increased bond purchases by the Bank [...]

GBPEUR/GBPUSD Following on from last week, the Pound continued to decline against the Euro, falling through the key technical support level at 1.16, while the UK currency also lost further ground versus the U.S Dollar. The UK budget deficit increased to £8 billion in July, the largest for a single month since records began in [...]