Currency Forecasts

Category: MPC

Pound falls after Mark Carney speaks

Despite inflation hitting 3% as outlined in my earlier post, Mark Carney was a little dovish in his comments to the treasury select committee earlier. While he did say that the case was probably there for a rate hike in…

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If interest rates rise, will Sterling go up?

Sterling/Euro rates have settled down a little, currently sat at around the €1.13 mark. Better than expected Services data from the UK this morning helped to stop the Pound falling and gave Sterling some support. Furthermore EU retail Sales disappointed,…

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Sterling gains on BoE MPC minutes

Wednesday 22nd July 2015 Yesterday was not a good one for Sterling/Euro rates, with levels sliding all day from €1.44 to €1.42. The reason for the drop was renewed confidence about Greece, and in particular credit rating agencies increasing Greece’s rating…

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Pound rises on MPC vote, but gains likely to be limited

Wednesday 20th August 2014 The Pound has recovered slightly this morning after 2 members of the Bank of England’s Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have done so….

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Pound/Euro exchange rate forecast for 2014 changes after BoE comments

Wednesday 19th March 2014It’s been a very busy day in the markets today, with UK Unemployment being released, along with the Bank of England minutes, a speech by governor Mark Carney, and of course the budget statement. This afternoon I…

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