Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound declined against all of the 16 most actively traded currencies yesterday, weakening 0.5% versus the Euro and dropping by the same percentage against the U.S Dollar to a low of 1.5918. Neil Mellor, a currency strategist at Bank of New York Mellon, said that “the fiscal side of things is really starting [...]

GBPEUR/GBPUSD Following on from last week, the Pound declined against the Euro, while the UK currency dropped below its 200-day moving average versus the Dollar, amid concern that the UK’s fiscal condition is deteriorating, putting its sovereign credit rating at risk. Sterling fell through the pivotal $1.60 level for the first time since October 15th, [...]

GBPEUR/GBPUSD The Pound declined against the Euro yesterday, while the UK currency dropped below its 200-day moving average versus the Dollar, amid concern that the UK’s fiscal condition is deteriorating, putting its sovereign credit rating at risk. Sterling fell through the pivotal $1.60 level for the first time since October 15th yesterday, falling to a [...]

GBPEUR/GBPUSD In the approach to Christmas, Sterling remains under pressure – challenging long-term key support at $1.6000 this morning against the dollar, and trading within an extremely tight range against the Euro. Gross Domestic Product data (GDP) released this morning confirmed that the U.K economy shrank by less than previously forecasted during Q3 – bringing [...]

GBPEUR/GBPUSD Following on from last week, Sterling remains under pressure against the dollar, weighed down by poor public finance figures released on Friday, and the general bounce in the USD. The Pound is currently trading within a tight range against the Euro, however interbank seems to be holding above 1.1200 (0.8912) for the time being. [...]

GBPEUR/GBPUSD The Pound opened this morning above 1.1200 on interbank, reaching the highest level since November 19th, however has deteriorated slightly against the dollar trading to a low of 1.6113 during trading this morning. Data released yesterday morning confirmed that U.K retail sales fell unexpectedly in November (the first monthly drop since May) and U.K [...]

GBPEUR/GBPUSD The Pound rallied strongly against the U.S Dollar yesterday, rising 0.7% in London to a high of $1.6409, while the UK currency also 0.6% versus the Euro, breaching above 1.12 for the first time since November 19th. Sterling also made gains versus the majority of the 16-most actively traded currencies, following reports that UK [...]