Exchange Rate Forecasts

October, 2011

The Pound declined to a low of 1.1385 against the Euro exchange rate

Thursday, October 13th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound declined to a low of 1.1385 against the Euro exchange rate yesterday, while the UK currency also lost ground versus a basket of currencies following reports that UK unemployment rose at the fastest pace in 15 years during the three months through [...]

The Pound declined against Dollar yesterday for the first time in three trading days

Wednesday, October 12th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound declined against Dollar yesterday for the first time in three trading days and the UK currency continued to trade lower versus the Euro, testing support in the region of 1.1400 by the close of trading last night. Renewed optimism that European leaders [...]

The Pound weakened against the Euro and the U.S Dollar

Tuesday, October 11th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound weakened against the Euro and the U.S Dollar yesterday, slipping back under 1.15 versus the single currency and losing over 1% on the day, after a report showed confidence in the labour market outlook fell for a third straight month in September. [...]

Sterling weakened against 15 out of the 16 most actively traded currencies

Monday, October 10th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound weakened against 15 out of the 16 most actively traded currencies, after a report from the Office of National Statistics showed that the revised estimate of UK gross domestic product slowed by more than initial estimates in the second quarter, while the [...]

The Pound declines, falling over one percent against the Euro exchange rate

Friday, October 7th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound declined heavily against all of the 16 most actively traded currencies yesterday, falling over 1% against the Euro exchange rate and the Dollar in under a minute, as the Bank of England announced that it would resume quantitative easing and purchase government [...]

Sterling weakens against 15 out of the 16 most actively traded currencies

Thursday, October 6th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound weakened against 15 out of the 16 most actively traded currencies yesterday, after a report from the Office of National Statistics showed that the revised estimate of UK gross domestic product slowed by more than initial estimates in the second quarter, adding [...]

The Pound rallied to a fresh high above 1.17 against the Euro exchange rate

Wednesday, October 5th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound rallied to a fresh high above 1.17 against the Euro exchange rate in early trading yesterday, while the UK currency plunged towards the lowest level since January versus the Euro, amid a drop in global stock markets, which boosted demand for lower-yielding [...]

The Pound took advantage of broad Euro exchange rate weakness in the markets

Tuesday, October 4th, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound took advantage of broad Euro exchange rate weakness, rising through 1.16, despite speculation that the Bank of England may be preparing to implement further quantitative easing measures in Thursday’s announcement. A number of MPC policy makers have publicly declared the need for [...]

The Pound weakened against the U.S Dollar and the Japanese Yen exchange rates

Monday, October 3rd, 2011

by Adam Solomon Sterling / Euro and US Dollar exchange rates The Pound weakened against the U.S Dollar and the Japanese Yen exchange rates, trading back towards 1.5550 overnight on Thursday, as a drop in Asian stocks spurred demand for the safe haven assets. The UK currency still poised to record its first weekly gain [...]


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