Currency Forecasts

Category: GDP


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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What could impact sterling exchange rates this week?

On a relatively quiet day for the pound data wise sterling has continued on from last last week posting gains against a number of currencies. We have reached a near three week high against the US dollar and multi year…

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What might affect the pound for the rest of the week?

Sterling yesterday continued its turbulent run pushing as high as 1.1373 but tailed off to finish the day at 1.1325 against the Euro. This morning the pound has dipped further, briefly falling back into the 1.12s but has now settled…

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Positive Economic News for Britain, but Sterling moves lower

Yesterday saw some good news stories for UK Plc. Firstly growth for the last quarter beat forecasts, coming in at 0.5%. Before the referendum, the OBR predicted a ‘Leave’ vote would see Q3 growth at -0.1% and a ‘Remain’ vote…

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