Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound plunged to the lowest level in two weeks against the U.S Dollar yesterday, while the UK currency also lost ground against the majority of the major currencies, with the exception of the struggling Euro. Investors bet that the government’s pledge to cut the budget [...]

by Adam Solomon Sterling / Euro and US Dollar GBPEUR/GBPUSD The Pound has declined heavily against the Dollar this afternoon, dropping briefly under $1.4900, as the Chancellor of the Exchequer Alistair Darling delivered his pre-election budget. He unveiled plans to radically cut the budget deficit, as he seeks to convince investors and floating voters that [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound declined against the Dollar yesterday, falling below $1.5000, while the UK currency took advantage of broad Euro weakness to rally above 1.11 by the close of trading last night. The UK currency came under further selling pressure against the majority of the 16-most actively [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound slumped to the lowest level in almost two weeks against the Dollar yesterday, while the UK currency also lost ground versus the Euro, after a report from the Confederation of British Industry showed that the UK’s economic recovery will be “slow and sluggish”. The [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rallied strongly against all of the 16 most actively traded currencies in the early part of last week, rising up towards the highest level in two weeks versus the Dollar, after a government report showed that UK jobless claims [...]