Currency Forecasts

Category: Bank of England minutes


Pound falls slightly on signs of slowing economy

As Theresa May enters crunch talks with Brussels, the Pound falls and has had a rather poor start to the week.  For a change it’s economic data releases that have moved the Pound rather than the on-going Brexit saga. Of…

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Pound rises slightly ahead of BoE Meeting

Bank of England

The Pound has bounced back against the Euro slightly today. However against the US Dollar, continued USD strength pushed the rate as low as $1.27 this morning, however it’s bounced back a little this afternoon. Sterling had been trading around…

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Sterling falters as interest rates held at 0.5%

Today Bank of  England (BofE) Governor and his Monetary Police Committee (MPC) members decided to keep interest rates on hold at 0.5%. As my colleague Alastair suggested in his post earlier this week sterling has fallen against all major currencies as…

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Will Pound go up or down against Euro this week?

Tuesday 18th  March 2014The Pound has fallen again today, dropping as low as €1.19 before settling at that level. There hasn’t been any data of note from the UK today, so this is simply the market positioning itself ahead of…

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Pound/Euro rises to €1.20 on ECB rate cut hint

Wednesday 20th November 2013 So the Bank of England news this morning was a bit of a damp squib, with all 9 members voting to hold QE and interest rates, so didn’t have much effect on exchange rates.  However, the Pound/Euro…

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