Exchange Rate Forecasts

GBPEUR/GBPUSD The Pound rallied strongly against the Dollar yesterday, rising above $1.62 in London, while the UK currency maintained the bullish upward trend versus the Euro. Sterling traded within a cent of a five month high versus the since currency, before a report tomorrow that is expected to show the UK economy emerged from the [...]

GBPEUR/GBPUSD Following on from last week, the Pound rallied strongly against both the Euro and the U.S Dollar earlier in the week, after a report from the Office of National Statistics showed that UK inflation jumped in December by the most since records began in 1997. Consumer prices rose 2.9% from a year earlier, 1 [...]

GBPEUR/GBPUSD The Pound fell against the Euro for the first time in eight days yesterday, while the UK currency also slipped under the pivotal support level at $1.6240 versus the Dollar. A government report confirmed that the UK budget deficit swelled last month to the highest level for any December since records began in 1993, [...]

GBPEUR/GBPUSD The Pound fell from the highest level in six weeks against the U.S Dollar yesterday, ending a two-day gain, after the governor of the Bank of England Mervyn King said that a pickup in inflation probably won’t last and echoed concerns over the record budget deficit. The UK currency continued to make gains versus [...]

GBPEUR/GBPUSD The Pound rallied strongly against both the Euro and the U.S Dollar yesterday, after a report from the Office of National Statistics showed that UK inflation jumped in December by the most since records began in 1997. Consumer prices rose 2.9% from a year earlier, 1 percentage point more than in November, as policy [...]

GBPEUR/GBPUSD The Pound continued to climb against the majors on Monday, rising above 1.1363 versus the Euro for the first time since September 15, while the UK currency also hit a high of $1.6377 against the Dollar. A survey showed that UK house prices increased in January, adding to speculation that the Bank of England [...]