Currency Forecasts

Category: 2016 Currency Forecast

Why is the Pound rising so much?

What a week for Sterling! Just a few days ago on Wednesday morning, GBP/EUR rates were in the €1.10’s. A little more than 48 hours later, and GBP/EUR is at 1.1660. That’s a rise of 5%, and an encouraging and…

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To cut or not to cut? That is the question.

Sterling received a slight lift during trading yesterday, after there was doubt cast on whether the Bank of England will indeed have to cut interest rates before the end of the year as many had been expecting. Before we get…

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Sterling continues to perform well

Pound/Euros rates peaked at almost €1.18 last week before dropping back away just before the Bank Holiday break. Sterling has been supported recently due to better than expected UK Data including exports and retail sales, along with decent growth and…

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Pound/Euro range-bound at €1.19; but is it really that bad?

Sterling remains range-bound against the single currency, with GBP/EUR rates stuck around the €1.19 mark. This is illustrated in the chart below showing the currency movements this week: As I outlined in my last post, it’s probably the case of…

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Will Pound/Euro rates go up or down in 2016?

The Pound has made a slight recovery against the Euro since yesterday, rising into the mid €1.36’s. This was in part due to much worse than expected German inflation data, which was way below the forecast. As such, the Euro…

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