by Adam Solomon The Pound rallied against the U.S Dollar and the Euro this morning, as Bank of England policy maker Adam Posen seemed to back-track on his recent recommendation for further quantitative easing, saying that it is by no means a “forgone conclusion” at the October 7th meeting. The UK currency bounced back from [...]
Exchange Rate Forecasts
September, 2010
NEWS FLASH – Foreign Exchange Forecast – Sterling slumps further against the Euro
Thursday, September 30th, 2010Daily Foreign Exchange Rate Forecast – The Pound sank to the weakest level since May against the Euro yesterday
Thursday, September 30th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound sank to the weakest level since May against the Euro yesterday, after a report from the Bank of England showed that UK mortgage approvals fell for a fourth consecutive month, indicating that the slowdown in the sector is showing few signs of abating. The [...]
Daily Foreign Exchange Rate Forecast – The Pound rose to a fresh six-week high against the U.S Dollar yesterday
Wednesday, September 29th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rose to a fresh six-week high against the U.S Dollar yesterday, trading just under $1.59 in London, as the U.S currency continues to weaken on speculation that the Federal Reserve will continue with its asset-purchase plan as early as next month. The UK currency [...]
Australian Dollor Foreign Exchange Forecast – Sterling testing all time lows…
Wednesday, September 29th, 2010by Jon Beddell Foreign Currency Market Update – GBP / AUD Update Sterling had a bad day Tuesday. The source of weakness was a speech by BoE member Adam Posen, who said that the Bank of England should start pumping more money into the economy. So called quantitative easing was used extensively last year as [...]
Euro Foreign Exchange Rate Forecast – Sterling looks sick….
Wednesday, September 29th, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling had a bad day Tuesday, plunging through the support area around 1.1700. We are now seriously concerned about the prospect of a continued sell off. The next noteworthy support is around 1.1350 where we put in a major low back in May. [...]
Podcast 28th September – Foreign Exchange Forecast
Tuesday, September 28th, 2010Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]
Daily Foreign Exchange Rate Forecast – The Pound remained largely unchanged against the Euro
Tuesday, September 28th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound remained largely unchanged against the Euro yesterday but the UK currency continues to trade higher versus a weak U.S Dollar, amid speculation that the Fed will embark on further quantitative easing to calm the threat of a second recession. The UK currency rose to [...]
Daily Foreign Exchange Rate Forecast – the Pound recovered some of Wednesday’s losses against the Euro
Monday, September 27th, 2010by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound recovered some of Wednesday’s losses against the Euro, rising 0.6% on Thursday to 1.1750, while the UK currency also bounced back versus a basket of currencies, amid suggestions that the decline earlier in the week was over-exaggerated. The Pound [...]
South African Rand – Sterling testing 4 year lows…
Friday, September 24th, 2010by Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Sterling lost 2% versus the Rand in August and a further 3% since the start of September. Last week’s UK data was dominated by bad news on house prices. Two influential survey’s confirmed that prices are heading south. Sterling followed. The UK’s austerity [...]
Daily Foreign Exchange Rate Forecast – Pound recovered some of Wednesday’s losses against the Euro
Friday, September 24th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound recovered some of Wednesday’s losses against the Euro yesterday, rising 0.6% on the day to 1.1750, while the UK currency also bounced back versus a basket of currencies, amid suggestions that the decline was over-exaggerated. The Pound slumped to a fresh two-month low against [...]
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