The Euro found support below 1.34 against the U.S Dollar yesterday but recovered through the course of the day. Sterling / Euro and US Dollar exchange rates The Pound rallied towards the highest level in three weeks against the U.S Dollar yesterday, after a report from the Confederation of British Industry showed that an index [...]
Exchange Rate Forecasts
February, 2012
The Pound rallied towards the highest level in three weeks against the US Dollar
Wednesday, February 29th, 2012The Pound rallied modestly against the Euro
Tuesday, February 28th, 2012The Euro gained against the majors last night on prospects ECB loan operations will spur risk appetite. Sterling / Euro and US Dollar exchange rates The Pound rallied modestly against the Euro exchange rate yesterday, as the German parliament prepared to vote on the Greek debt deal, which undermined the Euro to a degree although [...]
The Rand enjoyed another winning week against the Pound Sterling
Tuesday, February 28th, 2012The break back down through the 12.0000 level for GBP ZAR last Friday was a significant move. Foreign Currency Market Update – GBP / ZAR Update The Rand enjoyed another winning week against Sterling last week, taking the GBP ZAR exchange rate to 11.9779 during Friday’s session. This was the pair’s lowest level for over [...]
The Pound staged an impressive rally against the Canadian Dollar
Monday, February 27th, 2012The Canadian Dollar has come under sustained selling pressure during the last three sessions in the currency market. Foreign Currency Market Update – GBP / CAD Update The Pound staged an impressive rally against the Canadian Dollar in the 48 hours leading up to last Friday’s market close. The forward move for GBP CAD was [...]
The Pound has looked down and on the verge of being counted out against a strong Kiwi Dollar
Monday, February 27th, 2012The GBP NZD exchange rate has tested higher several times since its near-term low of 1.8634. Foreign Currency Market Update – GBP / NZD Update For much of the past month, the Pound has looked down and on the verge of being ‘counted out’ against a strong Kiwi Dollar. However, last week’s session saw Sterling [...]
The Pound has dropped over 2 percent against the Euro this week
Monday, February 27th, 2012The Euro found solid buying support on dips in the region of 1.3360 and there was further strong buying through the course of the day on Friday. Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound encountered strong resistance in the region of 1.5725 against the U.S Dollar and [...]
The past seven days have seen Sterling buck its recent run of losses against the Australian Dollar
Monday, February 27th, 2012The Pound showed signs of steadying its ship against the Australian Dollar last week. This was largely due to an easing of support for the risk sensitive AUD, rather than any pronounced support for Sterling. Foreign Currency Market Update – GBP / AUD Update The past seven days have seen Sterling buck its recent run [...]
The Pound encountered strong resistance in the region of 1.5725
Friday, February 24th, 2012The Euro advanced to its strongest level against the Dollar in more than 10-weeks yesterday, challenging resistance levels above 1.34. Sterling / Euro and US Dollar exchange rates The Pound encountered strong resistance in the region of 1.5725 against the U.S Dollar and briefly tested support below 1.57 before recovering towards the close of trading [...]
The Pound weakened significantly against the majors, falling back towards 1.1805 interbank
Thursday, February 23rd, 2012The Euro traded within a tight trading range against the U.S Dollar on Wednesday, as markets were unable to break key technical support levels. Sterling / Euro and US Dollar exchange rates The Pound weakened significantly against the majors yesterday, falling back towards 1.1805 interbank versus the Euro, and losing ground versus a host of [...]
The Pound remained largely unchanged against the Euro exchange rate
Wednesday, February 22nd, 2012The Euro still looks overly sold and the news about a second bailout for Greece has added a bit of positive sentiment to the single currency. Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro in early trading yesterday, despite reports overnight that Greece had won a second [...]
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