Currency Forecasts

Category: Foreign Exchange


Pound/Dollar hits $1.3150, Pound/Euro at €1.1230

GBP/USD rate have risen to their best in almost a year, after last nights FED interest rate decision. They left rates on hold, and made comments about inflation slowing which lent investors to decide that interest rates would not go…

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What could move Pound/Euro rates this week?

It’s been a pretty quiet start to the week, with most major exchange rates largely unchanged. Pound/Euro rates have managed to recover slightly from €1.11 to €1.12, due to slightly worse than expected EU PMI numbers yesterday, making the single…

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What could move Sterling exchange rates this week?

As I mentioned in my last post on Friday, poor UK data at the end of last week weakened the Pound and pulled the GBP/EUR rate to €1.13, where it remains today. It has hit support at that level, and…

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Pound/Euro rate rises to €1.14

Pound/Euro rates have staged a recovery today. Initially we saw the pair drop through the morning to as low as €1.13, however just before midday it started rising, and has now levelled off at €1.14 as the chart below illustrates:…

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Pound/Euro and Pound/Dollar forecast May 2017

Sterling This morning UK GDP figures were released and were expected to come in at +0.3% and they came in just below at 0.2%. As the figure didn’t impress or beat forecasts it has sent the Pound a little lower…

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