Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound rallied for the first time in five days against the U.S Dollar, as UK stocks surged higher, amid growing confidence that the global economic recovery is gathering momentum. The overall improvement in risk appetite helped underpin Sterling, as the UK currency gained towards 1.6650 in London, after the FTSE 100 Index added [...]

GBPEUR/GBPUSD Following on from last week, the Pound fell against the Euro and the Dollar, after the minutes from the Bank of England’s November policy meeting showed that policy makers were split three ways on whether to extend the quantitative easing plan and discussed cutting the deposit rate on reserves. The UK currency declined against [...]

GBPEUR/GBPUSD The Pound declined for a third straight day against the U.S Dollar yesterday, while the UK currency also fell to a low of 1.1170 versus the Euro, amid speculation that UK banks will disclose more credit losses. The Daily Telegraph reported yesterday that UK lenders are in a worst state than those abroad, citing [...]

GBPEUR/GBPUSD The Pound fell against the Euro and the Dollar yesterday, after the minutes from the Bank of England’s November policy meeting showed that policy makers were split three ways on whether to extend the quantitative easing plan and discussed cutting the deposit rate on reserves. The UK currency declined against the Euro for the [...]

GBPEUR/GBPUSD The Pound rallied to the highest level in two months against the Euro yesterday, touching a high of 1.1317 in London, while the UK currency also made gains versus the U.S Dollar, after Bank of England policy maker Andrew Sentance said that Britain is returning to growth. He also warned that Britain runs the [...]