Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied against the Euro yesterday, rising above 1.2150, while the UK currency also made modest gains versus the majority of the 16 most actively traded currencies, with the exception of the U.S Dollar, which is gaining on risk sentiment. Sterling gained for a third [...]

The pound continued range bound yesterday as markets remain nervous about the extent of the global slowdown ahead of key data today when the revised GDP figures for April to June are released from both the UK and the U.S. Risk aversion also eased slightly with small gains made across the equity and commodity markets [...]

The pound recovered from morning losses to end up with small gains across the board against the major currencies yesterday and steadier overnight markets in the Far East has enabled the pound to hold on to these gains in morning trading to date. Whilst concerns persist that selling pressure on the pound will intensify throughout [...]

Sterling / Euro and US Dollar Leading City economists have warned of a “long hard slog” and the “Japanisation” of western nations with a combination of slow growth and low interest rates for years to come following the publication of dispiriting housing data from the US yesterday afternoon. Julian Jessop, chief international economist at Capital [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound traded towards the lowest level in four weeks against the U.S Dollar yesterday, but the UK currency has, again, taken advantage of broad Euro weakness, rising significantly above the 1.22 level over the weekend. However, there are fresh concerns that the UK economic recovery [...]