Currency Forecasts

Category: Brexit effect on Pound


How could Theresa May’s speech affect the Pound?

 Sterling/Euro rates have fallen back away from last weeks 2 month high of around €1.14. The BoE governor gave a speech and he was typically gloomy about the effects of Brexit on the economy, stating that any interest rate hikes…

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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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Pound/Dollar hits $1.3150, Pound/Euro at €1.1230

GBP/USD rate have risen to their best in almost a year, after last nights FED interest rate decision. They left rates on hold, and made comments about inflation slowing which lent investors to decide that interest rates would not go…

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Pound falls on inflation figures

We’ve just seen the latest UK inflation figures, and they came in lower than expected, sending the Pound lower against both the Euro and US Dollar. Why did the Pound fall? It’s due to the lower inflation numbers taking pressure…

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What could move exchange rates this week?

The Pound has steadied somewhat since last week, still just above €1.18 vs the Euro but unable to go much higher. Poor GDP figures on Friday slowed Sterling’s progress, and now that Brexit negotiations are almost underway, caution has returned…

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