Market Update – GBP / EUR We’ve been in the habit of sending one update per week, but felt that the latest exchange rate movements warrant further comment. Our view that sterling would continue to appreciate has been well vindicated by this week’s rally. Last week we had weaker than expected GDP figures. The pound [...]
Exchange Rate Forecasts
January, 2010
FX176 Foreign Exchange – Euro Update
Friday, January 29th, 2010FX175 Foreign Exchange Daily Insight – The Pound slides after Standard & Poor’s said it doesn’t view the UK as a stable economy
Friday, January 29th, 2010GBPEUR/GBPUSD The Pound advanced to the strongest level against the Euro since August yesterday, while the UK currency also made gains versus the majority of the 16 most actively traded currencies, as stock markets rallied worldwide following a statement from the U.S Federal Reserve. Officials have admitted for the first time that the U.S economy [...]
FX174 Foreign Exchange Daily Insight – The Pound recovers after Sentance say central bank may need to raise rates
Thursday, January 28th, 2010GBPEUR/GBPUSD The Pound rallied strongly against all of the 16 most actively traded currencies yesterday, rising towards the strongest level in five months versus the Euro. Bank of England policy maker Andrew Sentance gave an indication that the central bank may have to raise interest rates to keep a lid on inflation. The UK currency [...]
FX173 Foreign Exchange – Norwegian Krone Update
Wednesday, January 27th, 2010Market Update – GBP / NOK Sterling has done well in January after bouncing from support just above 9.000 early in the month. The pound has been helped in part by hawkish comments from Bank of England policy maker Andrew Sentance, prompting markets to start bringing forward expectations of a possible interest rate hike in [...]
FX172 Foreign Exchange – Japanese Yen Update
Wednesday, January 27th, 2010Market Update – GBP / JPY Despite sterling’s recent strength against most other currencies, it has declined against the Yen in January as concerns over possible monetary tightening in China help to drive investors away from higher risk currencies. Investors who had sold Yen and US dollars in exchange for “high yielders” are now reversing [...]
FX171 Foreign Exchange Daily Insight – The Pound slips as the economy grows less than expected
Wednesday, January 27th, 2010GBPEUR/GBPUSD The Pound declined against the 16 most actively traded currencies yesterday, falling over 1% versus the Euro, after a report from the Office of National Statistics showed that the UK economy returned to growth by less than economist forecasts. Gross domestic product rose just 0.1% in the fourth quarter, as service industries and manufacturing [...]
FX170 Foreign Exchange News Flash – Sterling declines as the economy returns to growth…just!!!
Tuesday, January 26th, 2010GBPEUR/GBPUSD The Pound declined against the 16 most actively traded currencies this morning, falling over 1% versus the Euro, after a report from the Office of National Statistics showed that the UK economy returned to growth by less than economists forecasts. Gross domestic product rose just 0.1% in the fourth quarter, as service industries and [...]
FX169 Foreign Exchange – Rand Update
Tuesday, January 26th, 2010Market Update – GBP / ZAR Having approached the October lows over New Year, the pound has rebounded strongly in January, helped in part by hawkish comments from Bank of England policy maker Andrew Sentance, prompting markets to start bringing forward expectations of a possible interest rate hike in the UK. Sterling’s tailwind has been [...]
New Zealand Dollar – The Kiwi dollar has been on the back foot this week
Tuesday, January 26th, 2010Market Update – GBP / NZD Since our last update, in which we voiced a cautiously optimistic tone for sterling, things have continued to improve. The pound rebounded strongly ahead of the October lows, helped in part by hawkish comments from Bank of England policy maker Andrew Sentance, prompting markets to start bringing forward expectations [...]
Foreign Exchange – Australian Dollar Update
Tuesday, January 26th, 2010Market Update – GBP / AUD Since our last update, in which we voiced a cautiously optimistic tone for sterling, things have continued to improve. The pound rebounded strongly after briefly touching record lows, helped in part by hawkish comments from Bank of England policy maker Andrew Sentance, prompting markets to start bringing forward expectations [...]
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