Currency Forecasts

Category: Bank of England


Pound rises on Brexit hopes and BoE signals

Sterling has rallied this week, hitting €1.14 against the Euro. This is within 1% of the best we’ve seen GBP/EUR in about 18 months, so a great opportunity for client that need to convert Pounds to Euros. The Pound is…

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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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The week ahead for GBP exchange rates

Good morning. Last week the Pound fell further against the Euro, as it became clear that a Brexit deal would not be agreed any time soon. To be honest the GBP/EUR rate probably would have fallen further if it were…

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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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Will Bank of England raise interest rates this week?

On Thursday this week, the Bank of England’s Monetary Policy committee will decide whether to raise interest rates from their current 0.5%. In my post yesterday I said that it’s unlikely that they would change this, however I now think…

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