The 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 [...]
Exchange Rate Forecasts
Posts Tagged ‘US Dollar’
The Pound declined from an 8 month high against the U.S Dollar
Wednesday, May 9th, 2012The 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 rallied to its highest level in 7-months against the US Dollar on Monday reaching 1.6302
Tuesday, May 1st, 2012Looking ahead and the Pound to US Dollar exchange rate will largely be dictated by the threat of central bank intervention this week. Foreign Currency Market Update – GBP / USD Update The Pound rallied to its highest level in 7-months against the US Dollar on Monday reaching 1.6302. Sterling seems to have shrugged off [...]
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. [...]
The Pound surged above 1.62 against the U.S Dollar
Monday, April 30th, 2012The Euro declined last week and extended a monthly loss against the Dollar and the Yen, after a downgrade in Spain’s credit rating increased concerns that the systemic debt crisis engulfing much of Europe is spreading at a faster rate. Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound [...]
The Australian Dollar came under pronounced selling pressure at the start of last week’s session
Monday, April 30th, 2012The near-term direction for GBP AUD hinges on the Reserve Bank of Australia’s interest rate decision, which is set to be announced early tomorrow morning. Foreign Currency Market Update – GBP / AUD Update The Australian Dollar came under pronounced selling pressure at the start of last week’s session, taking the GBP AUD exchange rate [...]
The Pound surged above 1.62 against the U.S Dollar yesterday
Friday, April 27th, 2012The Euro declined yesterday and extended a monthly loss against the Dollar and the Yen. Sterling / Euro and US Dollar exchange rates The Pound surged above 1.62 against the U.S Dollar yesterday, breaking through significant resistance in the region of 1.6170, as a report showed that consumer confidence rose to the highest level since [...]
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