Over the coming week the Pound should continue to hold its excellent position against the Euro as political events unfold in Greece. Foreign Currency Market Update – GBP / EUR Update The Pound is continuing to trade close to three-and-a-half year highs against the Euro as the prospect of a Greek exit from the Eurozone [...]
Exchange Rate Forecasts
Posts Tagged ‘Euro’
Pound to Euro Exchange Rate Forecast – The Pound is continuing to trade close to three-and-a-half year highs against the Euro
Monday, May 14th, 2012The Pound rallied to the strongest level against the Euro since November 2008
Friday, May 11th, 2012The Euro remained under the significant 1.30 level against the U.S Dollar yesterday, as markets lacked the impetus to break out from narrow ranges. Sterling / Euro and US Dollar exchange rates The Pound rallied to the strongest level against the Euro since November 2008 yesterday, while the UK currency also made gains versus the [...]
The Pound declined through 1.61 against the U.S Dollar
Thursday, May 10th, 2012The 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 Pound declined from an 8 month high against the U.S Dollar
Wednesday, May 9th, 2012The Euro struggled to stem the losses yesterday and found a degree of support in the region of 1.30 against the U.S Dollar. Sterling / Euro and US Dollar exchange rates The Pound declined from an 8 month high against the U.S Dollar, trading back under pivotal support at 1.6170, after a report showed that [...]
The Pound to Euro exchange rate reached a three and a half year high on Monday of 1.2443 as general elections in France and Greece left financial markets reeling.
Tuesday, May 8th, 2012Foreign Currency Market Update – GBP / EUR Update The Pound to Euro exchange rate reached a three and a half year high on Monday of 1.2443 as general elections in France and Greece left financial markets reeling. Uncertainty surrounding the Eurozone debt crisis escalated to an unbearable level for many investors over the weekend [...]
The Pound declined for a fourth consecutive day against the U.S Dollar
Tuesday, May 8th, 2012The 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 [...]
The Pound declined for a fourth consecutive day against the U.S Dollar
Friday, May 4th, 2012The 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 The Pound declined for a fourth consecutive day against the U.S Dollar, as a report yesterday showed that growth in UK services industries slowed by more [...]
The Pound hit resistance in the region of 1.6230 against the Dollar and traded as low as 1.6160
Thursday, May 3rd, 2012The Euro was again subjected to heavy selling pressure yesterday due to a combination of fundamental and technical factors. Sterling / Euro and US Dollar exchange rates The Pound bounced back from the disappointment of the manufacturing PMI data on Tuesday to strengthen by the most in more than a week against the Euro, rising [...]
The Pound declined from a 22-month high against the Euro yesterday
Wednesday, May 2nd, 2012The Euro challenged resistance levels in the region of 1.3250 against the Dollar and pushed briefly to a one-month high before drifting weaker towards the close of trading in Europe last night. Sterling / Euro and US Dollar exchange rates The Pound declined from a 22-month high against the Euro yesterday, while the UK currency [...]
The Pound has remained resilient
Tuesday, May 1st, 2012The Euro encountered strong resistance in the region of 1.3250 against the U.S Dollar and drifted weaker through the course of the day. Sterling / Euro and US Dollar exchange rates The Pound has remained resilient following the surprise announcement last week that the UK economy slumped into a technical recession during the first quarter. [...]
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