Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound plunged to the lowest level in nine months against the Dollar yesterday in the foreign exchange markets, falling 1.1% to $1.5245 in London, while the UK currency also fell to the Fibonacci support level at 1.1280 versus the Euro. Sterling actually recorded sharp losses [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound fell 0.4% against the Euro yesterday, trading at a low of 1.1350 in London, while the UK currency also lost ground against the higher yielding currencies, including the Australian and New Zealand Dollar. UK stocks bounced back after declining for only the second time [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound declined against the Euro yesterday in the foreign exchange markets, while the UK currency also plunged 1% from a high of $1.5574 versus the U.S Dollar, after the governor of the Bank of England Mervyn King said that officials are willing to do “whatever [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound recorded gains against a basket of currencies yesterday in the foreign exchange markets, as the UK currency recovered some of the losses from last week, amid a fundamental lack of market indicators. Sterling peaked just above $1.55 against the Dollar yesterday and hit a [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound declined heavily against the U.S Dollar on Friday, falling to a low of $1.5373 during the Asian trading session. The UK currency also lost 1% versus the Euro, amid speculation that the UK’s fragile economic recovery will trail that [...]