Currency Forecasts

Category: Best Currency Rates


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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GBP/EUR falls following weaker UK data

Sterling exchange rates have fallen from yesterdays highs of 1.15 to reach a low of 1.1438 following weaker than forecast data this morning.

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Pound falls from recent multi-month highs

This week Pound/Euro rates broke through €1.15 to hit the highest levels since June last year. Pound/Dollar broke through $1.43 earlier which is the highest since the EU referendum. This afternoon rates have slipped back slightly. Let’s look at why…

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GBP/EUR drops into the €1.08’s

Sterling/Euro has fallen further today, dropping into the mid €1.08’s. Again it’s a story of the Euro strengthening and becoming more expensive. We had higher than expected PMI figures from Germany and the EU this morning, and also a speech…

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Very important week ahead for exchange rates

In my recent post I outlined the reasons that the Pound may fall further, and that proved to be the case. We saw poor UK data on Friday that weakened the Pound, and the Euro gained strength on rumours that…

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