Exchange Rate Forecasts

GBP/EUR The pound rose to its highest level against the Euro since 7 November 2008 as global stock markets fell sharply on renewed concerns over the European banking sector. Investors are apprehensive ahead of a deadline this week for Euro zone banks to repay loans taken out a year ago at low interest rates. As [...]

Sterling / Euro and US Dollar Sterling has rallied substantially against a basket of major currencies during trading this morning, trading up towards 1.2300 against the Euro and holding above the key $1.5000 support level against the U.S Dollar. The dollar began the week on the defensive, after markets adopted a cautious approach over the [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, Sterling has broken through the key $1.5000 resistance level against the U.S Dollar this morning, and is holding above the pivotal 1.2000 level against the Euro. The dollar has begun the week on the defensive, as markets have adopted a cautious [...]

Sterling / Euro The pound hit a 19-month high on Thursday morning as debt woes weighed down on the euro. The pound reached its highest point since the immediate aftermath of the financial crisis in November 2008. Markets continue to worry about the European debt crisis, with the perceived risk of a default by Greece [...]

Sterling / Euro and US Dollar The Pound made gains against the Euro during trading yesterday, rising back above the pivotal 1.2000 level. Sterling also rose impressively versus the U.S Dollar – rising towards the key 1.5000 resistance level during the afternoon and holding above $1.4800 by the close of trading last night. The pound [...]

Sterling / Euro The pound recovered some of the losses of the last few days as the threat of the UK losing its AAA credit rating receded following the emergency budget. The six week old government announced a series of measures including the imposition of a levy on banks and raised VAT in the biggest [...]

Sterling / Euro The Pound continued to trade downwards yesterday ahead of today’s Emergency Budget. Chancellor George Osborne will have to perform the difficult balancing act of showing that the UK means business about reducing its debt while not threatening the fragile economic recovery. In the election campaign the Conservative party made no secret of [...]

Sterling / Euro and US Dollar Following on from last week, the pound has opened below 1.2000 against the Euro and is holding just above $1.4800 against the dollar. The main focus this week for the U.K will fall on the Post Election emergency budget, which is due to be released tomorrow afternoon. Tough measures [...]

Sterling / Euro The Pound traded within a narrow downward range yesterday ahead of today’s Pubic Sector Borrowing Requirement figures and next week’s emergency budget. The PSBR will almost certainly highlight the huge task facing the 6 week old coalition government in its attempts to reduce the gargantuan budget deficit and thus preserve the UK’s [...]