Exchange Rate Forecasts

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound rallied strongly against the U.S Dollar, rising up from the key support at $1.55 for a second day in succession on Thursday, while the UK currency also made gains versus the majority of the 16 most actively traded currencies. [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied strongly against the U.S Dollar yesterday, rising up from the key support at $1.55 for a second day in succession, while the UK currency also made gains versus the majority of the 16 most actively traded currencies. A report from the Office of [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound rallied strongly against the U.S Dollar yesterday, while the UK currency also bounced back above 1.21 versus the Euro, after the minutes from the Bank of England’s last policy meeting showed that none of the eight member committee voted to increase emergency stimulus measures [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound remained largely unchanged against both the U.S Dollar and the Euro yesterday, before a report that UK consumer prices exceeded the government’s upper 3% limit for the fifth straight month. The Governor of the Bank of England Mervyn King has had to write a [...]

by Adam Solomon Sterling / Euro and US Dollar The Pound continued to test support levels around $1.5550 against the U.S Dollar yesterday and there was a rally towards $1.57 in London on a covering of short positions before a gradual consolidation back towards $1.56. The UK currency also strengthened briefly through 1.22 versus the [...]

by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound surged towards a daily high of 1.2180 against the Euro on Thursday, but the UK currency continued to lose ground versus the lower-yielding currencies like the U.S Dollar and Japanese Yen, as investors returned to the safest assets, amid [...]