Currency Forecasts

Category: Best Currency Rates


What could move GBP exchange rates this week?

Exchange Rates

Good morning. In today’s post, I’ll take a look at what data releases are due this week that could affect Sterling exchange rates. Some key events include UK growth figures on Friday, and speeches by various central bank members. A very…

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Sterling exchange rates strengthen following positive retail sales. Will it last?

Pound exchange rates have received a welcome boost this morning with strong retail sales figures, as predicted by my colleague Alastair yesterday. The week started poorly with weaker than forecast manufacturing data on Monday along with concerns surrounding Brexit pushing…

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What can we expect for the pound this week?

Sterling of late has been on a poor run, having posted a near two cent loss against the Euro since late April and a near 7% loss against the US dollar in a little over 6 weeks. These losses have…

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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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Weaker UK PMI figures add to sterling’s woes

Sterling exchange rates have come under pressure again this morning following weaker than forecast UK Purchasing Managers Index (PMI) data released at 09:30 this morning.  Figures were forecast to come in at 53.5 but were weaker posting levels of 52.8.

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