Currency Forecasts

Category: Bank of England Quarterly Inflation Report

Pound drops despite interest rate hike

Pound Drops: We have seen the Pound drop across the board this afternoon, despite the expected interest rate hike by the Bank of England. All 9 members voted for rates to go up to 0.75%. As we predicted in our…

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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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Sterling gains after Bank of England’s (BoE) ‘Super Thursday’

Friday 13th May 2016Since the beginning of May, the GBP/EUR currency pair has been stuck in a range between 1.26 and 1.27, as you can see from the chart below. Yesterday however, comments from the BoE governor Mark Carney pushed…

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How could Bank of England’s Super Thursday affect exchange rates?

Thursday 12th May 2016Sterling has weakened off a little, after the UK posted weaker than expected UK Industrial Production yesterday. Production actually rose slightly in February and March, however it fell 0.4% in the first three months of this year….

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Sterling up after BoE Report and Unemployment Data

Wednesday 13th November 2013 The Pound has had a topsy turvy week so far. Yesterday we had some inflation data that weakened the Sterling, pulling exchange rates down from the highs we saw at the end of last week. The dip…

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