Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound remained under pressure against the majors yesterday, trading at close to the lowest level in 13-months against the U.S Dollar, as investors flocked to the security of dollar denominated assets as a hedge against risk. Germany limited speculative short-selling on the Euro, as the [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound weakened for a fifth straight day against the U.S Dollar, falling a further 0.8% to a low of $1.4330, while the UK currency also lost ground against the majority of the 16 most actively traded currencies, with the exception of the struggling Euro. UK [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound plummeted to a fresh 13-month low against the U.S Dollar yesterday, while the UK currency lost ground against the majority of the 16 most actively traded currencies, after the Prime Minister David Cameron said that the government had discovered “very bad” spending decisions by [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rallied against the majority of the 16-most actively traded currencies, as the new coalition government was appointed on Tuesday and there was a mood of relief over the prospect of near-term political stability. The renewed sense of optimism didn’t [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound declined yesterday against all of the 16 most actively traded currencies, as the UK currency fell over 1% versus the Euro, amid speculation that the UK economy may endure a double dip recession this year, as the new coalition government embarks on plans to [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound began the day yesterday on a much firmer footing, as the new coalition government was appointed and there was a mood of relief over the prospect of near-term political stability. The renewed sense of optimism didn’t last too long, as the Bank of England [...]