Exchange Rate Forecasts

by Jon Beddell Foreign Currency Market Update – GBP / INR Update After a period of high volatility, but ultimately little net change over the election week, Sterling fell yesterday on the release of trade data for March which showed the trade deficit widened to £7.5bn for march, up from £6.3bn in February. Bank of [...]

by Jon Beddell Foreign Currency Market Update – GBP / INR Update Asian currencies have been strengthening lately as recovery hopes continue to emanate from the region, most recently underlined by strong growth data from Singapore that prompted an upwards revaluation of their currency. Talk of China also revaluing has been doing the rounds. Investor [...]

by Jon Beddell Foreign Currency Market Update – Iindian Rupee Update A dip in inflation helped to confirm the Bank of England’s view that price inflation will continue to moderate, but it doesn’t do anything for interest rate expectations, which still price in very little tightening in 2010. The Consumer Price Index fell to 3% [...]

by Jon Beddell Foreign Currency Market Update – GBP / INR The big fundamental news last week is that the Bank of England have opted not to extend the £200bn asset purchase facility that was designed to increase money supply in the banking system. The bank were faced with a decision between bolstering the somewhat [...]

Market Update – GBP INR No change from the Bank of England yesterday. That outcome was widely expected, so the market’s reaction was minimal. Sterling has recovered over 15% from the January lows, but the longer term trend for the Sterling/Rupee exchange rate is still negative. Since October’s sharp rally we have seen a few [...]