Currency Forecasts

Category: Pound/Euro


How will Spring Statement affect Sterling?

Sterling edged higher against the Euro yesterday, recovering some of last week’s losses to approach the €1.13 level again. Markets expect the OBR to upgrade the UK’s growth forecasts today during Chancellor Hammonds Spring statement. We don’t expect any other…

Read More

Pound moves higher on softening of EU approach to Brexit

We’ve seen a slight spike in Pound/Euro rates this morning to €1.1350, which is within about 1% of the best we’ve seen in 8 months. There have been no data releases to cause the move, and the slight strengthening is…

Read More

Pound falls from recent multi-month highs

This week Pound/Euro rates broke through €1.15 to hit the highest levels since June last year. Pound/Dollar broke through $1.43 earlier which is the highest since the EU referendum. This afternoon rates have slipped back slightly. Let’s look at why…

Read More

How could UK Employment figures tomorrow affect Sterling?

Pound/Euro rates remain firm at around €1.14 level, and Pound/Dollar rates were above $1.40 earlier, the highest since the referendum, but have slipped back ever so slightly this afternoon into the $1.39’s. Decent growth forecasts for the UK on Monday…

Read More

Pound rises after Cabinet re-shuffle

Pound/Euro rises to €1.1350 The Pound/Euro rate has risen to €1.1350 over the last 24 hours, strengthening on optimism that Brexit talks will make progress this year. There were some concerns that the government re-shuffle might weaken the Pound, but…

Read More