Currency Forecasts

Category: Buy Euros

Trump comments cause a US dollar rally

With Donald Trump making his first visit to the UK as the US President his comments regarding the potential “soft Brexit” approach led to the pound falling back to a near month high against the pound. Since the beginning of…

Read More

Sterling exchange rates strengthen following positive retail sales. Will it last?

Pound exchange rates have received a welcome boost this morning with strong retail sales figures, as predicted by my colleague Alastair yesterday. The week started poorly with weaker than forecast manufacturing data on Monday along with concerns surrounding Brexit pushing…

Read More

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

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…

Read More

EU Referendum: Hope for the best, plan for the worst….

Hope is a belief that an outcome will occur, and this hope, desire and belief foster confidence, however this is not a reliable tool when dealing with the Foreign Exchange market; by far the largest market in the world. Over…

Read More

Pound/Euro hits €1.2240 after ECB press conference

Thursday 8th May 2014 Sterling/Euro initially slipped as low as 1.2120 this afternoon, before soaring back and smashing through the €1.22 level, after the European Central Bank (ECB) President Mario Draghi gave a speech weakening the Euro. At the time or…

Read More