Currency Forecasts

Category: Credit Rating Downgrade

Will Pound/Euro drop or go up?

Wednesday 27th February 2013 Good afternoon. The Pounds rollercoaster ride has continued, with GBP/EUR rates moving between 1.1350 and 1.1650 in the last few days alone. In this afternoon’s post, first I will take stock of what has caused all the…

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Pound falls on BoE cut in growth forecast

Thursday 11th August 2011 Good morning. Sterling fell yesterday after the Bank of England cut it’s growth forecast. This pushed the Pound down against other currencies. Against the Euro, Sterling gained slightly due to rumours the credit rating of French…

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Will Sterling vs Euro rates go back up?

Wednesday 6th July 2011Good morning. Sterling actually made some gains yesterday, pushed up by better than expected PMI data, however the recovery is still sluggish and so gains are limited. Portugal’s credit rating has also been downgraded to ‘junk’ and…

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Sterling recovers against Euro/Interest Rates today

9th June 2011Good morning. Yesterday Sterling fell on rumours that Moody’s would downgrade the UK’s credit rating. However these comments have now been downplayed and Sterling has recovered slightly. Today we have interest rate decisions for the UK and EU….

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Spain downgrade causes GBP/EUR to rise

10th March 2011Good morning. Sterling rose slightly yesterday on better Trade balance data, and the Euro is also slightly weaker this morning due to Spain’s credit rating has been downgraded. At 08:30am this morning rates are as follows: GBP/EUR 1.1670…

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