Currency Forecasts

Category: Foreign Exchange


Risk appetite hits the pound, what is in store for sterling this week?

Sterling has posted some losses to start the week following yesterdays poor service data as the the service sector clocked its slowest rate of expansion since September 2016 in January. As a result, the Pound (GBP) trended lower across the…

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GBP/USD at its highest level post Brexit

Sterling has today reached its highest level against the US dollar since the Brexit vote to reach just shy of 1.37. A big surge for EUR/USD has also been seen with the Euro at its highest level in nearly 3…

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GBP/EUR rates drop to €1.12 as Euro gains strength

Good morning. We’ve seen some volatility for both Pound/Euro and Pound/Dollar rates over the last 24 hours. The movements are due to events in the EU and USA however rather than any new data from the UK. Let’s take a…

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When will the Pound go back up against the Euro?

 Pound subdued despite strong economy Yesterday was a mixed day for Sterling. We had the latest Industrial and Manufacturing numbers, which beat forecasts showing 0.4% growth, showing the these sectors are still robust. Manufacturing output is at it’s highest in…

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The week ahead for exchange rates

Good morning and a very Happy New Year to our readers. We start 2018 with GBP/EUR at 1.1250 and GBP/USD at $1.3550. With markets now fully open, today we’ll take a look at what economic data is being released this…

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