Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound has continued to test resistance levels above $1.56 against the Dollar, the highest level since February, but the UK currency has struggled to break above 1.20 versus the Euro, losing 0.4% on the day. UK housing data showed that prices fell for the first [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound made significant gains against a basket of currencies yesterday, rising through $1.56 against the Dollar to the highest level in five-months, while the UK currency also re-visited the resistance level at 1.20 versus the Euro. The Australian Dollar has declined heavily against the Pound [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied to a fresh five-month high against the U.S Dollar this morning, while the UK currency also made strong gains versus the majority of the 16 most actively traded currencies. Sterling hit a high of 1.5575 in London, as global risk appetite continues to [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound took advantage of broad Dollar weakness yesterday, rising to the highest level in three months in London, after UK banks sailed through the European bank stress test. The UK currency has continued through $1.55 for the first time since April 16th, after the FSA [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rallied by the most in a week against the U.S Dollar, approaching $1.55 by the close of trading on Friday, while the UK currency also traded back towards 1.20 versus the Euro, amid reports from the Office of National [...]