Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound rallied strongly against the U.S Dollar yesterday, reaching a high of $1.6600 in London, while the UK currency also rose for a fourth straight day versus the Euro, briefly touching upon 1.1200. A report from the Bank of England showed that UK mortgage approvals increased more than initial estimates in September. Banks [...]

GBPEUR/GBPUSD The Pound weakened slightly against the Dollar yesterday, but the UK currency made impressive gains versus the higher-yielding currencies like the Australian Dollar and South African Rand, as stocks slumped for a seventh consecutive day. Commodities also declined as global risk appetite waned and the MSCI World Index dropped 0.6%. Sterling maintained its advance [...]

GBPEUR/GBPUSD The Pound rallied for a second day against the Dollar yesterday, rising to a high of $1.6436 in London, while the UK currency also consolidated on recent gains made against the Euro. The Confederation of British Industry reported that UK retail sales climbed to the highest level in almost two years in October, with [...]

GBPEUR/GBPUSD The Pound rallied against the Dollar and the Euro yesterday, amid speculation that the UK currency’s decline on Friday was exaggerated, given the prospects for an economic recovery. The Pound rebounded from a low of $1.6254 against the U.S Dollar, after earlier extending its drop of 1.9%, the biggest decline since March 9th. Economist [...]

GBPEUR/GBPUSD Following on from last week, the Pound advanced to the highest level against the Dollar in more than a month on Tuesday, while 10-year gilts increased by the most since July 23rd. The minutes from the Bank of England’s last policy-setting meeting showed that all nine policy makers voted unanimously to keep the asset-purchase [...]