Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound rallied strongly against the Euro yesterday, rising to a high of 1.1188 in London, while the UK currency also made gains versus a basket of currencies, after UK inflation accelerated at the fastest pace in six months in November. Consumer Prices increased 1.9% year-on-year last month, compared to 1.5% in October, driven [...]

GBPEUR/GBPUSD The Pound remained largely unchanged against the Dollar yesterday, while the UK currency rose modestly above 1.11 versus the Euro, despite concerns that a slowdown in the property market will delay an economic recovery. According to a report from Rightmove Plc, the revival in housing may stall next year, as the supply of homes [...]

GBPEUR/GBPUSD Following on from last week, the Pound declined almost 1% against the Euro on the week, falling to a low of 1.0996 in London, while the UK currency also fell to a one-month low versus the U.S Dollar, after Moody’s Investors Services described the UK as weaker than top rated countries like Germany and [...]

GBPEUR/GBPUSD The Pound declined to the lowest level in over a month against the U.S Dollar on Wednesday, dropping to a low of $1.6215, while the UK currency unexpectedly rallied against the Euro for the first time in three days. In the pre-budget report, the Chancellor announced a slightly higher budget deficit forecast for the [...]

GBPEUR/GBPUSD The Pound declined to the lowest level in over a month against the U.S Dollar yesterday, dropping to a low of $1.6215, while the UK currency unexpectedly rallied against the Euro for the first time in three days. In the pre-budget report, the Chancellor announced a slightly higher budget deficit forecast for the current [...]