Currency Forecasts

Category: Dollar


GBP Forecast – will we see a rate hike in August?

Bank of England

As forecast by my colleague Alastair rates have pushed back through the 1.14 level today following the latest Bank of England interest rate meeting. As expected, the central bank held its key base rate on hold at 0.5% but it…

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Leaked Government Brexit analysis stops sterling in its tracks

Yesterdays leaked  Government document surrounding Brexit suggested that in every scenario the UK will be in a worse off position. In the document released on website Buzzfeed, it suggested the UK growth could be as much as 8% worse off…

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The week ahead for Sterling exchange rates

True to recent form, the Pound fell towards the end of last week, dropping from an 18 month high against the USD and from a 7 month high against the Euro. Given the strong run Sterling has had recently, it’s…

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Sterling reaches a 6 week high against the US dollar

Sterling has pushed to a near 6 week high against the greenback to trade back above 1.33, a move now of just over 2% in just over a week. The moves came following Chancellor Philip Hammond’s first budget in which…

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UK inflation figures the key release for sterling this week

Of course on going Brexit negations will continue to have a significant impact on the pound,  however the key release for sterling will come on Tuesday morning with the release of UK inflation figures at 09:30 Recently Mark Carney and…

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