GBPEUR/GBPUSD The Pound rallied the most against the Euro since the beginning of June yesterday, while the UK currency also surged towards $1.60 versus the U.S Dollar, after an index of retail sales rose to the highest level in five months. A report from the Confederation of British Industry showed that retailers are more optimistic [...]
Exchange Rate Forecasts
September, 2009
The Pound rallied against the majors yesterday, after retail sales rose to the highest level in five months
Wednesday, September 30th, 2009Foreign Exchange Outlook Podcast – 29th September
Tuesday, September 29th, 2009Player 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 [...]
TorFX – Canadian Dollar rallies through support level
Tuesday, September 29th, 2009Market Update – GBP CAD Sterling has continued its slide since last week’s update. Mervyn King’s comments expounding the benefits of a weak pound continue to weigh on the market, giving traders little comfort in holding the pound. In other news, commentators are speculating that the Bank of England could introduce negative interest rates on [...]
US Dollar Update – avoid the risk of continued downside
Tuesday, September 29th, 2009Market Update – GBP USD Sterling has continued its slide since last week’s update. Mervyn King’s comments expounding the benefits of a weak pound continue to weigh on the market, giving traders little comfort in holding the pound. In other news, commentators are speculating that the Bank of England could introduce negative interest rates on [...]
Euro Update – Sterling declined another 2 cents since last week’s special update
Tuesday, September 29th, 2009Market Update – GBP EUR Sterling declined another 2 cents since last week’s special update. Mervyn King’s comments expounding the benefits of a weak pound continue to weigh on the market, giving traders little comfort in holding the currency. In other news, commentators are speculating that the Bank of England could introduce negative interest rates [...]
The Pound plunges to a fresh six-month low versus the Euro
Tuesday, September 29th, 2009GBPEUR/GBPUSD The Pound fell to the lowest level in six months against the Euro yesterday, dropping towards 1.0750 early in Europe, before a partial correction higher later in the day. The UK currency also dropped well below $1.60 versus the Dollar, consolidating its decline from last week, to the lowest level since July 8th at [...]
The Pound may fall towards 1.0520 based on technical analysis
Monday, September 28th, 2009GBPEUR/GBPUSD Following on from last week, the Pound declined heavily against the Euro, dropping to a low of 1.0880, the lowest level in more than five months, while the UK currency also dropped under $1.60 versus the U.S Dollar. A report on Thursday indicated that the Bank of England may be using the Pound’s weakness [...]
Foreign Exchange Outlook Podcast – 25th September
Friday, September 25th, 2009Player 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 to the lowest level in five months versus the Euro
Friday, September 25th, 2009GBPEUR/GBPUSD The Pound declined heavily against the Euro yesterday, dropping to a low of 1.0940, the lowest level in more than five months, while the UK currency also dropped towards $1.60 versus the U.S Dollar. A report indicated that the Bank of England may using the Pound’s weakness as a way to boost the economy. [...]
TorFX – Yen Update
Thursday, September 24th, 2009Market Update – GBP JPY Sterling plunged this morning, spooked by a series of negative news reports and comments from Bank of England governor Mervyn King saying that sterling weakness was “helpful” in rebalancing the UK economy. We have been hinting at the BoE’s implicit approval of sterling’s slide for the last few weeks, and [...]
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