Exchange Rate Forecasts

The Pound remained largely unchanged against the Euro Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro yesterday, hovering around the 1.25 level for the majority of the day. The UK currency declined significantly versus the U.S Dollar, falling below 1.59, as risk sentiment weakened in line with [...]

The Pound declined through 1.61 against the U.S Dollar yesterday, after a report from the Confederation of British Industry showed that UK retail sales slumped in April. Sterling / Euro and US Dollar exchange rates The Pound declined through 1.61 against the U.S Dollar yesterday, after a report from the Confederation of British Industry showed [...]

The Euro encountered strong resistance close to the 1.3160 level ahead of the ECB meeting and drifted lower following Draghi’s comments. Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound declined for a fourth consecutive day against the U.S Dollar on Thursday, as a report yesterday showed that growth [...]

Pound to Euro, US Dollar Exchange Rate: The Pound declined against the majors The Pound declined against the majors yesterday, as the market reacted to the news that the UK economy contracted in the first quarter by 0.2% in the preliminary figures released yesterday morning. The -0.2% result has come as a major shock with [...]

The Pound maintained its recent gains against the Euro and the U.S Dollar yesterday. The Pound maintained its recent gains against the Euro and the U.S Dollar yesterday, remaining above 1.22 and 1.61 respectively, while the UK currency also took advantage of renewed weakness in the Australian and New Zealand Dollars. There is widespread speculation [...]