Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound bounced back against the U.S Dollar for the first time in four days yesterday, after China denied reports that it’s reviewing its Euro-denominated holdings, improving investors’ appetite for riskier assets, as stocks rallied worldwide. The UK currency also made sharp gains versus the Euro, [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied against the Euro yesterday, appreciating 0.9% on the day, while the UK currency was relatively unchanged versus the U.S Dollar at $1.4408. UK gilts fell as a recovery in global stock markets dented demand for risk aversion and the security of government bonds. [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound rose by the most against the Euro in almost two weeks on Monday, as the UK’s Chancellor of the Exchequer George Osborne outlined the budget cuts necessary to reduce the largest budget deficit among the Group of Seven nations. The UK currency also climbed [...]

Sterling / Euro and US Dollar The euro is under pressure once again against the dollar, sterling and yen as markets remain concerned about possible contagion from the euro-zone sovereign debt issue. Yesterday’s news that the Spanish central bank was taking over one of the country’s savings banks is also weighing heavily on sentiment. Although [...]

Sterling / Euro and US Dollar Following on from last week, the euro has given back some of its gains made towards the end of last week, with traders reported to be selling into the movement after ongoing concerns about the outlook for the Euro-Zone. News that the Bank of Spain is anticipated to take [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound is continuing to remain under pressure against the majors this morning, holding below $1.4500 against the U.S Dollar after investors flocked to the security of dollar denominated assets as a hedge against risk. The euro has recovered some ground this morning against sterling and [...]