Currency Forecasts

Category: BoE Interest Rates


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…

Read More

Sterling recovers slightly on BoE comments

Sterling found a little much-needed support today, on speculation that maybe the Bank of England will raise rates soon after all. There’s been a little uncertainty recently, with some members of the MPC wanting to raise rates, and other wanting…

Read More

Politics and Central Banks to affect GBPEUR this week

GBPEUR

Good morning. GBPEUR rates have slipped into the €1.13’s this week, giving up the gains we saw last week. GBPEUR rose into the €1.14’s after the European Central Bank (ECB) cut growth forecasts. this had weakened the Euro and pulled…

Read More

Pound gains on BoE vote

Yesterday was a good example of how quickly the markets can move on unexpected news. We started the day with GBP/EUR just above €1.14 after the Euro gained strength following the Dutch election result, however that all changed at lunchtime…

Read More

Sterling/Euro rates fall as BoE warn of further stimulus

Sterling/Euro rates have dropped to around the €1.17 mark this morning, due to comments by one of the Bank of England (BoE) Monetary Policy Committee (MPC) members warning of further stimulus. He was quoted in the Times saying that the…

Read More