Currency Forecasts

Category: Bank of England minutes


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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Pound falls after poor UK Retail Sales.

Thursday 19th September 2013Good afternoon. Since my last post, we’ve seen quite a bit of volatility in the currency markets. I mentioned a few days ago that the markets had been flat, and that I predicted the Bank of England…

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Pound remains at €1.19 vs Euro, near 8 month high

Tuesday 17th September 2013 Good afternoon. Sterling remains strong, however has failed to rise significantly above the €1.19 level against the Euro. GBP/EUR rates remain around the best since January. The Pound has however hit an 8 month high against the…

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