Market Update – GBP EUR 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 [...]
Exchange Rate Forecasts
September, 2009
TorFX – Special Euro Update
Thursday, September 24th, 2009King’s comments drive the Sterling/Canadian dollar rate back
Thursday, September 24th, 2009Market Update – GBP CAD 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 [...]
GBP NZD exchange rate is now testing all time lows
Thursday, September 24th, 2009Market Update – GBP NZD 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 [...]
Australian Dollar Update – Sterling plunged this morning
Thursday, September 24th, 2009Market Update – GBP AUD 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 [...]
The Pound declines against the majors following the FOMC rate announcement
Thursday, September 24th, 2009GBPEUR/GBPUSD The Pound rallied against the Euro yesterday, rising to a high of 1.1128, after reaching the lowest level in five months on Tuesday. The UK currency also made gains versus a basket of currencies, including the U.S Dollar, after the minutes from the Bank of England’s last policy-setting meeting showed that policy makers voted [...]
TorFX – Swiss Franc Update
Wednesday, September 23rd, 2009Market Update – GBP CHF Sterling rallied this morning after the minutes of the last Bank of England meeting revealed that all nine members of the MPC voted to keep the central bank’ asset purchase programme on hold at £175bn. It was the revelation that three members voted for a larger increase at last month’s [...]
US Dollar – The pound vs dollar rate has been trading towards the lower end of its three month range
Wednesday, September 23rd, 2009Market Update – GBP USD Sterling rallied this morning after the minutes of the last Bank of England meeting revealed that all nine members of the MPC voted to keep the central bank’ asset purchase programme on hold at £175bn. It was the revelation that three members voted for a larger increase at last month’s [...]
Euro Update – Sterling rallied this morning after the minutes of the last Bank of England meeting revealed that…
Wednesday, September 23rd, 2009Market Update – GBP EUR Sterling rallied this morning after the minutes of the last Bank of England meeting revealed that all nine members of the MPC voted to keep the central bank’ asset purchase programme on hold at £175bn. It was the revelation that three members voted for a larger increase at last month’s [...]
The Pound rallies against the Dollar, as stocks resume the upward trend
Wednesday, September 23rd, 2009GBPEUR/GBPUSD The Pound traded close to the lowest level in six months against the Euro yesterday, while the UK currency also remained subdued versus a basket of currencies amid a fundamental lack of market indicators. Sterling slumped to a fresh 12-month low against the Australian Dollar, on concerns that the widening budget deficit will curtail [...]
The Pound slumps against the majors, after UK stocks retreat for the first time in seven days
Tuesday, September 22nd, 2009GBPEUR/GBPUSD The Pound slumped for a third straight day against the Dollar yesterday, while the UK currency also touched a fresh five-month low versus the Euro, after UK stocks fell for the first time in seven days. The benchmark FTSE 100 Index retraced 0.8% in London, trimming some of last week’s 3.2% advance, led by [...]
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