Currency Forecasts

Category: best exchange rate


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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Employment figures help push GBP/EUR back towards 1.14

As my colleague Alastair alluded to in his post of yesterday, today’s employment data has given sterling a small boost against the Euro with levels pushing from a low of 1.1335 to peak just shy of 1.14.

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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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Sterling pushes back through 1.15

Sterling has pushed back through the 1.15 level against the euro following comments made my European Central Bank (ECB) head Mario Draghi. During his speech Draghi reiterated that interest rates will remain unchanged well until after their bond buying programme…

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