Currency Forecasts
Category: GBPEUR Forecast
Pound/Euro rates rise to €1.1250
Yesterday was a strange one for the currency markets and GBP/EUR in particular. Initially we thought it would be central bank speeches that would be driving the market, but has often been the case recently, political events instead dominated proceedings,…
Read MoreInflation numbers weaken Sterling
This morning UK inflation came in at 2.6%, slightly less than the expected 2.7%. This might not sound like much, but it significantly decreases the chance of the Bank of England raising interest rates this year. In turn, the lower…
Read MorePound/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:…
Read MoreWill the Pound rise or fall this week?
What moves exchange rates? The four mains things are Economic data, political events, natural disasters and acts of war. Some of these are by their nature totally unpredictable, however economic data releases are known and forecast in advance. While it’s…
Read MoreWhy is the Pound falling?
Sterling has fallen today after the Bank of England released its inflation report, interest rate decision, and press conference. While they raised the growth forecast for the UK as expected, they saw the economy slowing in 2018, and the reason…
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