Currency Forecasts

Category: Pound/Euro forecast

Sterling moving higher ahead of Brexit vote

Today MPs are taking part in a debate ahead of a Brexit vote tomorrow. Specifically, they are voting on amendments by the house of Lords that want to make changes to the Brexit withdrawal bill. It was looking like perhaps the…

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Pound/Euro rises by 0.5% after strong UK Services data

Pound/Euro rates have recovered by half a point this morning. The gains have reversed the fall into the €1.13’s that we saw yesterday. Yesterday’s drop came after some poor manufacturing numbers. However this morning, rates have picked back up again into the mid €1.14’s. This…

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Will the Pound go up or down this week?

Sterling has started the week rather well, pushing higher against the Euro and US Dollar, to €1.14 and $1.4050 respectively. These are good buying levels for both pairs, with the GBP/EUR rate close to an 8 month high, and GBP/USD…

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Strong US Data strengthens USD, weakens EUR

This afternoon we saw a host of US Data released, and this has caused some movements for both GBPEUR and GBPUSD rates. The data showed that inflation is higher than markets had been expecting. As a result, it’s now very…

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GBP/CAD – Rates are currently close to the best they have been in 6 months, however this could change later today. At 3pm the Bank of Canada will announce its latest interest rate decision, and there is a good chance…

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