Exchange Rate Forecasts

April, 2010

Foreign Exchange Euro Market News

Monday, April 26th, 2010

by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Britain’s economy grew by just 0.2% in the first quarter of 2010, much less than the 0.4% expected by analysts. The soft data had an immediate impact on sterling, which retreated sharply, giving back all of Thursday’s gains. This morning however, the pound [...]

Foreign Exchange Outlook Podcast

Friday, April 23rd, 2010

Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]

Foreign Exchange Daily Insight – The Pound rallies back against the majors, as UK inflation accelerates to 3.4%

Friday, April 23rd, 2010

by Adam Solomon Sterling / Euro and US Dollar The Pound rose to the highest level in two months against the Euro yesterday, breaching 1.16 last night, as the single currency came under renewed selling pressure following reports that the Greek budget deficit was actually wider than initial forecasts. The UK currency received a boost, [...]

Foreign Exchange Daily Insight – The Pound strengthens of retail data, ahead of the second live debate between party leaders

Thursday, April 22nd, 2010

by Adam Solomon Sterling / Euro and US Dollar The Pound strengthened significantly against the Dollar and the Euro yesterday, as the overall improvement in global risk appetite diminished demand for the U.S currency as a refuge, while a government report showed that the number of Britons claiming jobless benefits declined in March by more [...]

Foreign Exchange Daily Outlook – The Pound rallies back against the majors, as UK inflation accelerates to 3.4%

Wednesday, April 21st, 2010

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied up towards 1.1450 against the Euro yesterday, while the UK currency held above the key resistance level at $1.5350 versus the U.S Dollar, after a report from the Office of National Statistics showed that the UK’s inflation rate jumped more than forecast in [...]

Foreign Exchange News Update – The Pound declines against the Dollar, as risk aversion creeps back into the market

Tuesday, April 20th, 2010

by Adam Solomon Sterling / Euro and US Dollar The Pound declined heavily against the Dollar yesterday in the foreign exchange markets, plunging well below the pivotal support level at $1.5350, while the UK currency also lost significant ground versus the Euro, after polls showing a surge in support for the Liberal Democrats increased concern [...]

Foreign Exchange Update – Indian Rupee

Monday, April 19th, 2010

by Jon Beddell Foreign Currency Market Update – GBP / INR Update Asian currencies have been strengthening lately as recovery hopes continue to emanate from the region, most recently underlined by strong growth data from Singapore that prompted an upwards revaluation of their currency. Talk of China also revaluing has been doing the rounds. Investor [...]

Foreign Exchange News – The Pound declines against the majors, ahead of a packed week of economic data

Monday, April 19th, 2010

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rose above $1.55 against the U.S Dollar on Wednesday, while the UK currency also made strong gains versus the Euro, as the latest opinion poll showed that the Conservatives’ lead over the ruling Labour Party has widened, easing concern [...]

Australian Dollar Foreign Exchange News

Friday, April 16th, 2010

by Jon Beddell Foreign Currency Market Update – GBP / AUD Update The Aussie dollar remains well bid after a move by Singapore to revalue their local dollar upwards. The currency appreciation comes after strong growth data adds to evidence of economic recovery in Asia, and leads to speculation that other Asian nations will follow [...]

Hong Kong Dollar Update

Friday, April 16th, 2010

by Jon Beddell Foreign Currency Market Update – GBP / HKD Update Sterling has come a long way in the last couple of weeks, capturing the key technical resistance at 11.94. As long as we don’t make a daily close back below that level we remain optimistic of further upside in the short term. US [...]


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