Currency Forecasts

Category: Politics


Sterling falls as political uncertainty returns

Sterling has edged lower against the Euro overnight, as uncertainty returned to UK politics following the sacking of Cabinet minister Damien Green. Also pushing the Pound lower was a report by the IMF that downgraded UK growth forecasts, stating that…

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Pound falls on Hung Parliament

As I’m sure my readers will know by now, yet again the polls were wrong and the election has resulted in a hung parliament. The Pound fell quite sharply as a result, dropping as low as €1.13 vs the Euro….

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Will Pound/Euro rates go up or down?

GBP/EUR spent most of last week getting very close to €1.20 without managing to sustain a breakthrough; a trend we’ve seen on 6 separate occasions since last summer. It was never very likely that we would see rates breach this…

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Brexit uncertainty keep Pound at record lows

Earlier this week we saw the Pound fall to record low levels against the Euro and the US Dollar, however yesterday saw some respite for Sterling. Theresa May had said that the government would allow closer scrutiny of their negotiation…

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