by Jon Beddell Foreign Currency Market Update – GBP / AUD Update Sterling is down over 6 cents 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 forthcoming austerity measures (to be unveiled in full [...]
Exchange Rate Forecasts
September, 2010
Foreign Exchange Australian Dollar – Sterling lost 6 cents in September…
Thursday, September 23rd, 2010Euro Foreign Exchange Rate Forecast – Sterling breaks key support…
Thursday, September 23rd, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Last week’s data was dominated by bad news on house prices. Two influential survey’s confirmed that prices are heading south. Sterling followed. A new theme has been responsible for much of this week’s movements. The Bank of Japan entered the market to sell [...]
Daily Foreign Exchange Rate Forecast – Pound slumped to a fresh two-month low against the Euro yesterday
Thursday, September 23rd, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound slumped to a fresh two-month low against the Euro yesterday and further losses appear likely as we build up to the government spending cuts on October 20th. The Bank of England minutes revealed that Andrew Sentance was, again, the sole voice for a 25 [...]
Daily Foreign Exchange Rate Forecast – Pound slumped to the lowest level against the Euro in two months
Wednesday, September 22nd, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound slumped to the lowest level against the Euro in two months yesterday, trading just above 1.18 by midday in London, after a government report showed that the UK posted its largest budget deficit for any August since records began in 1993. Net borrowing was [...]
Daily Foreign Exchange Rate Forecast – The Pound sank to a fresh seven-week low against the Euro
Tuesday, September 21st, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound sank to a fresh seven-week low against the Euro yesterday, dropping briefly under 1.19, while the UK currency also slumped versus the majority of the 16 most actively traded currencies, erasing Friday’s upward surge. A report from Rightmove Plc, the UK’s biggest property website, [...]
Daily Foreign Exchange Rate Forecast – the Pound declined to a seven week low against the Euro and the UK currency also lost ground versus the majority of the 16 most actively traded currencies
Monday, September 20th, 2010by Adam Solomon Sterling / Euro and US Dollar Following on from last week, the Pound declined to a seven week low against the Euro and the UK currency also lost ground versus the majority of the 16 most actively traded currencies, after a government report showed that UK retail sales unexpectedly declined last month. [...]
Daily Foreign Exchange Forecast – The Pound declined to a seven week low against the Euro yesterday
Friday, September 17th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound declined to a seven week low against the Euro yesterday and the UK currency also lost ground versus the majority of the 16 most actively traded currencies, after a government report showed that UK retail sales unexpectedly declined last month. The resilience in consumer [...]
US Dollar Foreign Exchange Forecast – Risk appetite up, Dollar down…
Friday, September 17th, 2010by Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling has not had much to cheer about over the last week. Poor employment numbers and an unexpected 0.5% drop in August retail sales headlined on the data front, increasing speculation that a second round of Quantitative Easing (“QE”) may be required once [...]
Euro Foreign Exchange Rate Forecast – Sterling has eased back a couple of cents over the last week
Friday, September 17th, 2010by Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling has eased back a couple of cents over the last week, based more on technical factors than any fundamental data. While retail sales for August unexpectedly fell by 0.5% in data released yesterday, most of the damage to Sterling had already been [...]
Daily Foreign Exchange Rate Forecast – The Pound rallied against the Euro and the U.S Dollar yesterday
Thursday, September 16th, 2010by Adam Solomon Sterling / Euro and US Dollar The Pound rallied against the Euro and the U.S Dollar yesterday, after the Bank of Japan intervened to sell Yen for the first time since 2004, increasing demand for higher-yielding assets and reducing the appeal of ‘safe havens’ like the Dollar and the Yen. The Japanese [...]
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