Currency Forecasts

Category: Foreign Exchange Forecast


What could impact the currency markets this week?

Ahead of the first May bank holiday weekend the currency markets are relatively quiet with parliament recently just coming back from their Easter break we have seen little Brexit news to cause much of an impact on sterling exchange rates….

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Need to Buy Euros? Will the rate get better?

Pound/Euro rates weakened further last night, as the Euro gained strength and became more expensive to buy. As we thought, the EU Council meeting was dominated by migration talks. It looks like the EU have come to an agreement on…

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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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Central Bankers to affect Sterling/Euro today?

Over the last few days it has been political uncertainty largely driving the Sterling/Euro pair. Today however focus shifts to comments from central bankers, and these comments have the potential to move Pound/Euro rates over the course of today. Bank…

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Sterling continues to fall against Euro and USD

The Pound fell further on Friday, continuing its recent downward trend. The cause was worse than expected Services data. Services form a huge part of the UK economy, and a slowdown in this sector shows that Brexit may be starting…

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