By Jon Beddell Foreign Currency Market Update – GBP / USD Update The Bank of England governor Mervyn King delivered his quarterly inflation report on Wednesday. It wasn’t pretty reading. The bank slashed growth forecasts for this year and next, projecting just 2.0% for 2011 compared with the 2.8% they were expecting back in August [...]
US Dollar Exchange Rate Forecasts
GBP-USD Update Category
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Dollar rallies on Euro woes…
Tuesday, May 17th, 2011Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling hits 15 month high…
Monday, April 11th, 2011By Jon Beddell Foreign Currency Market Update – GBP / USD Update The US Dollar is one of the only major currencies against which Sterling actually gained last week. Not only did the Pound put on a full three cents during the week, but it also posted its highest weekly closing price in 16 months. [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling slides sharply
Tuesday, March 29th, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update Markets have recovered from the severe attack of jitters that struck in the wake of the earthquake in Japan. Two weeks ago the only real theme was risk aversion, and traders were voting accordingly, selling high yielding currencies and buying the Dollar and [...]
Pound Sterling to US Dollar Foreign Currency Exchange Rate Forecast – Sterling in a holding pattern as Dollar finds support
Wednesday, March 16th, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update The natural disaster in Japan has sent shock waves through the world’s financial markets, sending investors scurrying in search of so called “safe haven” assets. Predictably, this meant traders selling out of the more volatile “high yielding” currencies and reverting instead to the [...]
US Dollar Foreign Currency Exchange Rate Forecast – Sterling hits resistance
Tuesday, February 22nd, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update Last week’s big inflation numbers confirmed that prices in the UK are rising at more than twice the Bank of England’s target inflation rate of 2%. Traders have been buying Sterling in expectation of a near term interest rate hike, and markets were [...]
US Dollar Foreign Exchange Forecast – Inflation and interest rates dominate
Monday, February 14th, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling ended the month of January strongly, rallying up through the 1.60 level and challenging the November highs. The Dollar had been on the back foot as investor risk appetite has remained robust, driving stock markets to new multi year highs and sucking [...]
US Dollar Foreign Exchange Rate Forecast
Monday, January 24th, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update Inflation and interest rates were the dominant theme last week after news that the Consumer Prices Index rose to 3.7% in December, well ahead of the forecasted 3.4% rise. Retail prices (which include a wider basket of goods including housing costs) rose to [...]
US Dollar Exchange Rate – Signs that the US recovery may be holding up have helped commodity prices rise
Friday, January 7th, 2011by Jon Beddell Foreign Currency Market Update – GBP / USD Update Sterling has been gravitating back towards key support around the 1.5300 level that marked the low in September. News over the holiday period was obviously sparse, so one cannot make too much of the random market movements of the last two weeks. The [...]
US Dollar Foreign Exchange Forecast – Sterling weak…
Thursday, December 16th, 2010by Jon Beddell Foreign Currency Market Update – GBP / USD Update No move by the Bank of England at last Thursday’s meeting was already factored into the market, and the meeting minutes are released next Wednesday. Economic statistics have been relatively benign, with decent manufacturing data and further confirmation of an easing in house [...]
US Dollar Exchange Rate Forecast – Dollar listless, Sterling creeps higher…
Friday, December 10th, 2010by Jon Beddell Foreign Currency Market Update – GBP / USD Update Bank of England officials voted once again to keep interest rates on hold and also maintain the current level of QE at yesterday’s monthly meeting. We won’t know how the vote stacked up for a few days yet (until the meeting minutes are [...]
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