Currency Forecasts

Category: BoE


Pound Sterling Currency Outlook

Pound Sterling Currency

Pound sterling currency exchange rates took another dip yesterday afternoon following the Bank of England interest rate meeting and press conference. As expected Governor Mark Carney kept interest rates on hold. This was no surprise. What caused the pound to…

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What could impact the pound for the rest of the week?

SterlingEuroForecast

Sterling has had a relatively quiet start to the trading week with little or no data of note released that could impact the pound. We have continued to trade within a very tight range, particularly for GBP/EUR, with today’s levels…

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GBP/EUR rises slightly after ECB announcement

Sterling initially fell against the Euro today following a poor report about UK Retail Sales, and this pushed GBP/EUR into the mid €1.11’s. However following the European Central Bank policy announcement, rates have recovered to €1.1233 at the time of…

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Pound/Euro drops again on Interest Rate uncertainty

As you can see from the chart below, GBP/EUR rates have edged lower throughout today. I pointed out in my last post that despite a slight gain for the Pound, significant downside risks remain, and that has pushed the Pound…

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Why has Pound/Euro fallen into €1.10’s?

Today’s Bank of England’s ‘Super Thursday’ has not been kind to the Pound. There was some speculation that they may hint at interest rate hikes later this year, to tighten monetary policy along with other major economies. However, instead they…

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